Will Tiao Sells 30 Unit SRO Multifamily In Boyle Heights For $3.15M

A 30-unit Single Room Occupancy (SRO) property located in the heart of Boyle Heights, in the Boyle Heights market, has been sold for $3,150,000. The property is situated at 127 S Boyle Avenue and offers a total square footage of 8,430. The price per square foot (PPSF) for this transaction was $373.67. The property consists of 30 units, with an average price per unit (PPU) of $105,000.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $3,150,000
• Square Footage: 8,430
• Price Per Square Foot (PPSF): $373.67
• Number of Units: 30
• Price Per Unit (PPU): $105,000

The transaction was brokered by Will Tiao from Tiao Properties.

It is worth noting that 25 out of the 30 units were delivered vacant at the time of the sale. The property attracted multiple offers and was sold $155,000 above its listed price.