FME Investment Group Acquires Multifamily Property In Los Angeles For $1.95M

The multifamily property located at 1409-1411 Crenshaw Boulevard in Los Angeles has been sold. The property consists of 11 units with a total square footage of 5,061. The selling price for the property was $1,950,000, which translates to a price per unit of $177,273. Additionally, the price per square foot for the property was $385.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $1,950,000
• Units: 11 ~ PPU: $177,273
• SF: 5,061 ~ PPSF: $385
• Address: 1409-1411 Crenshaw Boulevard
• Market: Los Angeles

The buyer of the property is FME Investment Group, represented by Brian Evans. The seller is Ping Wu. The transaction was facilitated by CBRE brokers Kevin Sin, Priscilla Nee, Dan Blackwell, and James Keady.