Babak Rashidi Purchases Multifamily Property At 1476 South Shenandoah Street For $5,359,000

The property asset involved in this transaction is a multifamily building located at 1476 South Shenandoah Street in the Los Angeles market. The sale occurred for a total price of $5,359,000, encompassing 16 units. The total square footage of the asset is 17,653, resulting in a price per unit of $334,938 and a price per square foot of $304.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $5,359,000
• Units: 16
• Square Footage: 17,653
• Price Per Unit: $334,938
• Price Per Square Foot: $304
• Buyer: Babak Rashidi
• Seller: Ariel Chazanas
• Broker: Sam Liberow - Marcus & Millichap

This transaction involves key individuals including Babak Rashidi as the buyer and Ariel Chazanas as the seller. The brokerage firm Marcus & Millichap facilitated the deal, represented by Sam Liberow.