Multifamily Property On McClellan Drive Sold For $8.52 Million With Jonathan Taksa As The Broker

A 17-unit multifamily property located at 1248-1242 McClellan Drive in Los Angeles, California, has been sold for $8,524,375. The property, built in 1987, encompasses 13,861 square feet, which results in a price per square foot of $615. The average price per unit is calculated at $501,434. Additionally, the property is exempt from LA's Rent Stabilization Ordinance and features modern upgrades with ample parking.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $8,524,375
• Units: 17
• Square Footage: 13,861
• Price Per Unit: $501,434
• Price Per Square Foot: $615
• Address: 1248-1242 McClellan Drive
• Market: Los Angeles
• Broker: Jonathan Taksa - Taksa Investment Group

Jonathan Taksa, representing Taksa Investment Group, facilitated the transaction, highlighting his role in managing the sale of this multifamily asset in a sought-after location near Brentwood.