Ryan Athens Purchases Multifamily Properties From June Mekpong In Mentone For $4.6M

Two multifamily properties located at 1354 Jasper Avenue and 1358 Jasper Avenue in the Mentone market have been sold for a total price of $4,600,000. The combined properties consist of 21 units, offering a blended sales price of $219,048 per unit. The total square footage is 18,570, yielding a price per square foot of $248.

Summary of transation details:

• Property Type: Multifamily
• Transaction Amount: $4,600,000
• Buyer: Ryan Athens
• Seller: June Mekpong
• Brokers: Eric Chen, Blake Torgerson & Kevin Sin - CBRE
• Units: 21
• PPU: $219,048
• SF: 18,570
• PPSF: $248

The transaction included 1354-1356 Jasper Avenue, which sold for $2,150,000 with 10 units and a square footage of 8,566, reflecting a price per square foot of $251. The second property, 1358 Jasper Avenue, was sold for $2,450,000, has 11 units, and encompasses 10,004 square feet at a price per square foot of $245.