$6.7M Sale Of Multifamily Asset In West LA By Jordan Asheghian & Tony Azzi

Located at 1231 S Bundy Dr in West LA, this multifamily property was sold on May 1, 2019. The transaction was facilitated by brokers Jordan Asheghian and Tony Azzi. The property spans 13,907 square feet, with a price per square foot of $481.77, resulting in a total sale price of $6,700,000. This sale stands out for achieving one of the highest price per units ever in the zip code for a rent-controlled asset. The escrow was closed in just 30 days, demonstrating the efficiency of the transaction.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $6,700,000
• Address: 1231 S Bundy Dr, West LA
• Market: West LA

The sale of this multifamily property was a notable achievement in the West LA market. The success of the transaction can be attributed to the expertise and efforts of brokers Jordan Asheghian and Tony Azzi, who represented the involved parties throughout the deal. Their professionalism and efficiency enabled the closing of the escrow in just 30 days. This transaction exemplifies their ability to navigate complex real estate deals and achieve favorable outcomes for their clients.