The asset involved in this transaction is a multifamily property located at 1403 North Vista Street in the Los Angeles market. The property was sold for $2,100,000 and consists of 8 units. It spans a total square footage of 4,269, resulting in a price per unit of $262,500 and a price per square foot of $491.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $2,100,000
• Units: 8
• Square Footage: 4,269
• Price Per Unit: $262,500
• Price Per Square Foot: $491
• Buyer: Dovi Hoffman
• Seller: Gunter Hummel
• Broker: Demis Dokhanian - JNM Realty

Demis Dokhanian from JNM Realty facilitated the transaction, effectively representing both the buyer and the seller. The deal was noted for its smooth execution, taking place over a 10-day escrow. Additionally, the transaction included favorable seller-carried financing and was finalized with 4 vacancies at closing, achieving the highest price per square foot for multifamily properties in the 90046 zip code for the year 2024.