Dara Justin Rezvanipour Acquires Multifamily Property In West Hollywood From Peter Georgianni For $2.73M

This multifamily property, located at 1235 North Formosa Avenue in the West Hollywood market, has a total of 10 units. It was sold for $2,730,000, providing a price per unit of $273,000. The building features a square footage of 6,756, with a price per square foot of $404.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $2,730,000
• Address: 1235 North Formosa Avenue
• Market: West Hollywood
• Units: 10
• Price per Unit: $273,000
• Square Footage: 6,756
• Price per Square Foot: $404
• Buyer: Dara Justin Rezvanipour
• Seller: Peter Georgianni
• Broker Representation: Samuel Manoochehri & Akash Saini - Keller Williams Realty

Samuel Manoochehri and Akash Saini represented both the buyer and the seller in this transaction. They successfully generated multiple offers, allowing the seller to complete a reverse 1031 exchange while providing the buyer with a value-add opportunity in a highly sought-after location.