Jeffrey Harris Acquires Multifamily In Los Angeles For $3.175M

The multifamily property located at 1405 Armadale Avenue in Los Angeles was sold for $3,175,000. This property consists of 10 units with a total area of 4,750 square feet, resulting in a price per unit of $317,500 and a price per square foot of $668. The transaction achieved a capitalization rate of 6.2%.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $3,175,000
• Units: 10
• Price per Unit: $317,500
• Square Footage: 4,750
• Price per Square Foot: $668

Jeffrey Harris acquired the property from Myron Hung. Alex Galuz from Keller Williams represented the buyer and seller in this transaction.