Uma Khetian Purchases Multifamily Asset From Ron Brown For $2.45M In Los Angeles

The sale involved a multifamily property located at 1254 North Orange Drive in the Los Angeles market. The transaction was finalized for $2,450,000, encompassing a total of 6,533 square feet, resulting in a price per square foot of $375.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $2,450,000
• Buyer: Uma Khetian
• Seller: Ron Brown
• Brokers: Nick Hayner - Maywood Property Group; Jennifer Levine - The Beverly Hills Estates
• Square Footage: 6,533
• Price Per Square Foot: $375

Nick Hayner of Maywood Property Group and Jennifer Levine of The Beverly Hills Estates represented the seller and buyer in this transaction. They generated over five offers and successfully negotiated a selling price that was $150,000 above the list price. This sale achieved the highest price per unit for a five-plus unit, RSO building within a half-mile radius since 2022, according to CoStar.