Matt Neman Purchases Multifamily Property From May Ling Yu For $7.975M In West Hollywood

The property asset involved in the transaction is a multifamily unit located at 1203 North Kings Road in West Hollywood. The property comprises 30 units, with a total square footage of 38,570. The sale price was $7,975,000, leading to a price per unit of $265,833 and a price per square foot of $206.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $7,975,000
• Units: 30
• Square Footage: 38,570
• Price Per Unit: $265,833
• Price Per Square Foot: $206
• Buyer: Matt Neman
• Seller: May Ling Yu
• Brokers: Tony Azzi, Rabbie Banafsheha, Arteen Zahiri & Ian Habbestad - Marcus & Millichap

The transaction was facilitated by Tony Azzi, Rabbie Banafsheha, Arteen Zahiri, and Ian Habbestad, who are representatives from Marcus & Millichap. These brokers played a critical role in the negotiation and execution of the deal between the buyer, Matt Neman, and the seller, May Ling Yu.