1315 South Flower LLC Sells Multifamily Property In Los Angeles For $10 Million With Kitty Wallace

The transaction involved a multifamily property located at 1315 South Flower Street in Los Angeles, CA, with a sale price of $10,000,000. The asset consists of 25 units, resulting in a price per unit of $400,000. The property is significant as it represents a transaction involving a 1940s-era apartment asset in the submarket.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $10,000,000
• Units: 25
• Price per Unit: $400,000
• Seller: 1315 South Flower, LLC
• Broker: Kitty Wallace - Colliers

The sale was brokered by Kitty Wallace from Colliers, marking a noteworthy transaction as it was the only one in the past year involving a property of this scale with 25-plus units. The deal closed after a three-week due diligence period and one-month escrow.