Al Shloffman Acquires Multifamily Property From Howard Ruby In Los Angeles For $6.26M

The property asset involved in this transaction is a multifamily unit located at 1316 & 1322 South Centinela Avenue in the Los Angeles market. The sale was completed for a price of $6,262,500, comprising 20 units with a price per unit of $313,125. The total square footage of the asset is 17,718, leading to a price per square foot of $353.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $6,262,500
• Units: 20
• Price Per Unit: $313,125
• Square Footage: 17,718
• Price Per Square Foot: $353
• Buyer: Al Shloffman
• Seller: Howard Ruby
• Broker: David Saghian - Kidder Mathews
• Date of Transaction: 12/26/2024

The key individuals involved in this deal include buyer Al Shloffman and seller Howard Ruby, with representation by broker David Saghian from Kidder Mathews, who facilitated the transaction. The completed sale reflects active engagement in the multifamily sector in Los Angeles.