Fatemeh Majid & Masoud Akbarian Purchase 5-Unit Multifamily Building From Daniel Glaser For $2.91M

1301 South Beverly Glen Boulevard is a multifamily property located in Los Angeles, encompassing 5 units with a total square footage of 6,789. The sale price was set at $2,910,000, which translates to a price per unit of $582,000 and a price per square foot of $429.

Summary of transation details:

• Property Type: Multifamily
• Transaction Amount: $2,910,000
• Units: 5
• Price Per Unit: $582,000
• Square Footage: 6,789
• Price Per Square Foot: $429
• Market: Los Angeles
• Buyer: Fatemeh, Majid & Masoud Akbarian
• Seller: Daniel Glaser
• Seller's Representative: Neema Ahadian & Jeffrey Estrada - Marcus & Millichap
• CAP Rate: sub-4.25%
• GRM: +14.5

The transaction was represented by Neema Ahadian and Jeffrey Estrada from Marcus & Millichap, who focused their marketing efforts on attracting long-term buyers. Their strategy emphasized the value and appreciation potential of the Westwood location, securing a favorable outcome in this multifamily sale.