Phil Lin Acquires USC Student Housing Multifamily In $3.85M Deal

The sale of a multifamily property located at 1256 W. Adams Boulevard in the USC Student Housing market has been completed on 12/15/2021. The property consists of 8 units with a total square footage of 8,400. The sale price for the property was $3,850,000, resulting in a price per unit of $481,250 and a price per square foot of $458.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $3,850,000
• Units: 8
• Price per Unit: $481,250
• Square Footage: 8,400
• Price per Square Foot: $458
• Address: 1256 W. Adams Boulevard
• Market: USC Student Housing

The buyer of the property is Phil Lin, and the seller is John Patterson. The sale was facilitated by brokers Davis Saadian and Adam Shamooelian from Keller Williams Beverly Hills.