Atiba Kimbrell Purchases Multifamily Property From Marilyn Ball-Williams For $945,600 In Los Angeles

A 1924 Spanish fourplex located at 1425 West 48th Street in Los Angeles' Vermont Square neighborhood was sold for $945,600. This multifamily asset comprises four spacious units with a total square footage of 5,686. The characteristics of the property include original hardwood floors, period built-ins, exposed wood beam ceilings, striped awnings, and four detached garages.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $945,600
• Units: 4
• Price Per Unit: $236,400
• Square Footage: 5,686
• Price Per Square Foot: $166
• Buyer: Atiba Kimbrell
• Seller: Marilyn Ball-Williams
• Brokers: Jason Bergman & Denise Del Rey - The Agency

The property attracted significant interest from buyers due to its vintage character and potential for both owner-user and investment purposes. The location near USC, Exposition Park, BMO Stadium, and Downtown Los Angeles adds to its appeal as a well-preserved asset in a historic residential neighborhood. Notably, Jason Bergman commented on the demand for character-rich multifamily properties that provide functional use as well as long-term value opportunities.