Vladimir Pappas Acquires Multifamily Property In West Los Angeles For $4.3M

A multifamily property located at 1325 Amherst Ave in West Los Angeles was recently sold for $4,300,000. The property consists of 9 units, with a price per unit of approximately $477,777. The total square footage of the property is 7,792, resulting in a price per square foot of $551. The sale took place on February 3, 2022. The property has a Gross Rent Multiplier (GRM) of 18.55 and a Capitalization Rate (CAP) of 3.17%.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $4,300,000
• Buyer: Vladimir Pappas
• Seller: Jane Irani
• Brokers: Michael Monempour & Ramin Gheitanchi - Keller Williams Commercial Beverly Hills
• Units: 9
• Price per Unit (PPU): $477,777
• Square Footage (SF): 7,792
• Price per Square Foot (PPSF): $551
• Market: West Los Angeles

The transaction was facilitated by Michael Monempour and Ramin Gheitanchi from Keller Williams Commercial Beverly Hills, who represented the buyer and seller respectively. The property offers a lucrative investment opportunity in the thriving West Los Angeles market.