Isaac Zakon Acquires Multifamily Properties From Vance Blaine For $1.505M In Los Angeles

The transaction involved two multifamily properties located at 1212 East 76th Place and 1533 East 84th Street in the Los Angeles market. The total sale price for the properties was $1,505,000, with 1212 East 76th Place being an eight-unit building comprised of one-bedroom units, of which two were delivered vacant and two other tenants had deferred rents. The property measured approximately 278 square feet at a price per square foot of $5,413. The second property, 1533 East 84th Street, originally listed for $460,000, received multiple offers and ultimately sold for $480,000.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $1,505,000
• Buyer: Isaac Zakon
• Seller: Vance Blaine
• Broker: Aaron Es-haghian - Marcus & Millichap
• Sale of 1212 E 76th Place: $1,025,000
• Sale of 1533 E 84th Street: $480,000
• Original Ask for 1533 E 84th Street: $460,000
• Number of Units at 1212 E 76th Place: 8
• SF: 278
• PPSF: $5,413

The listing agents represented both the buyer and the seller for the property at 1212 East 76th Place. For the sale of 1533 East 84th Street, the buyer was represented by a buyers agent, while the same seller owned both properties involved in the transaction.