Wudi Edoziem Purchases Gardena Multifamily Property From Don Daisy For $1,015,000

The property asset involved in this transaction is located at 14623 Roxton Avenue in Gardena, comprising three multifamily units. The sale price was $1,015,000, with a price per unit of $338,333. The square footage of the asset is 2,600, resulting in a price per square foot of $390.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $1,015,000
• Buyer: Wudi Edoziem
• Seller: Don Daisy
• Seller's Representative: Taylor Avakian - Lyon Stahl Investment Real Estate
• Units: 3
• Square Footage: 2,600
• Price Per Unit: $338,333
• Price Per Square Foot: $390

This transaction involved several complexities, noted by the seller's representative, Taylor Avakian. The sale required court confirmation due to its nature as a partition referee sale, which involved more steps and stakeholders than standard transactions. Throughout the process, challenges arose such as lender delays and final inspections, highlighting the importance of brokerage in maintaining momentum and communication among all parties involved.