JML Real Estate Group Acquires Pico Union Multifamily For $1.01M

Hirsch Sherman & Jared Levine of JML Real Estate Group represented the buyer in the sale of a multifamily property in Pico Union. The property, located at 1452 W 20th Street, consists of 9 units with a total square footage of 4,798. The sale price was $1,010,000, resulting in a price per square foot of $210.50. The buyer paid an average of $112,222 per unit.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $1,010,000
• Date: 10/24/2019
• Market: Pico Union
• Address: 1452 W 20th Street
• Square Footage: 4,798
• Price per Square Foot: $210.50
• Number of Units: 9
• Price per Unit: $112,222

Jared Levine and Hirsch Sherman, brokers from JML Real Estate Group, successfully represented the buyer in this transaction. Despite facing competition from multiple buyers, they were able to secure a credit of $165,000 for the buyer during the escrow process. The deal closed in just 8 days, and the property also offers parking for 15 cars.