Benjamin Lewin Of Marcus & Millichap Facilitates $4.96M Multifamily Sale In Los Angeles

1218 McClellan Dr, a 16-unit apartment building in prime West Los Angeles, was sold for $4,965,000. Built in 1972, the property offers a mix of unit types, including one studio, fourteen large one-bedroom one-bathroom, and one two-bedroom one-bathroom unit, situated in a highly desirable location near Brentwood and Santa Monica. The property features amenities such as controlled access and gated parking, presenting potential rental upside of approximately 23.5% upon turnover.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $4,965,000
• Units: 16
• Price Per Unit: $310,313
• Square Footage: 11,758
• Price Per Square Foot: $422
• Address: 1218 McClellan Drive
• Market: Los Angeles

The sale of 1218 McClellan Dr was facilitated by broker Benjamin Lewin of Marcus & Millichap. The property's location near Brentwood and Santa Monica, along with its unit mix and potential rental upside, contributed to the transaction's success.