Joe Lin Purchases Multifamily Asset From Josh Kim For $2.175M In Los Angeles

The property asset involved in this transaction is a 4-unit multifamily apartment located at 123 North Harper Avenue in Los Angeles. The sale price was $2,175,000 with a price per unit of $543,750. The total square footage of the property is 4,936, translating to a price per square foot of $440. The transaction reflects a premium location in the Beverly Grove area.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $2,175,000
• Units: 4
• Price Per Unit: $543,750
• Total Square Footage: 4,936
• Price Per Square Foot: $440
• Buyer: Joe Lin
• Seller: Josh Kim
• Broker: Nathan Shaolian - Kidder Mathews
• Cap Rate: 4.67%
• Legacy Asset Status: First sale in over 50 years

Nathan Shaolian represented both the buyer, Joe Lin, and the seller, Josh Kim, in this transaction. This deal closed non-contingent and highlights the significance of the location, which is adjacent to Beverly Hills and West Hollywood.