Marcus & Millichap Sells Koreatown Multifamily For $11.3M

The multifamily property located at 150 N. Berendo Street in Koreatown has been sold in a recent transaction. The sale was facilitated by Brandon Michaels, Matthew Luchs, and Steven Schechter from Marcus & Millichap, representing the buyer, and Gary Fox from Miller & Desatnik Realty Corporation, representing the seller. The sale price for the property was $11,256,100. The property comprises 21 units, with an average price per unit of $536,005. The total area of the property is 21,152 square feet, resulting in a price per square foot of $532.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $11,256,100
• Address: 150 N. Berendo Street
• Market: Koreatown
• Buyer's Representative: Brandon Michaels, Matthew Luchs, and Steven Schechter - Marcus & Millichap
• Seller's Representative: Gary Fox - Miller & Desatnik Realty Corporation
• Number of Units: 21
• Price per Unit: $536,005
• Total Area: 21,152 square feet
• Price per Square Foot: $532

The buyer's representatives involved in this transaction were Brandon Michaels, Matthew Luchs, and Steven Schechter from Marcus & Millichap. They played a key role in representing the buyer's interests throughout the deal. On the other side, the seller's representative was Gary Fox from Miller & Desatnik Realty Corporation. Both parties worked together to ensure a successful transaction for this multifamily property in Koreatown.