The multifamily property located at 1554-1556 North Alexandria Avenue in Los Angeles was recently sold for $4,400,000. The 10,558 square foot buildings consist of 12 units, translating to a price per unit of $366,667 and a price per square foot of $417. With 50% occupancy, this property offers a valuable investment opportunity in a rapidly gentrifying area near Los Feliz.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $4,400,000
• Units: 12
• Price Per Unit: $366,667
• Square Footage: 10,558
• Market: Los Angeles
• Asset Type: Multifamily
• Acres: 0.32
• Brokers: Christopher Mara - Carolwood Estates; Steven Medina - Hilton & Hyland

Carolwood Estates' Christopher Mara and Hilton & Hyland's Steven Medina were the brokers involved in facilitating the sale of the 12 Mid-Century units at 1554-1556 N. Alexandria Ave. This transaction presents a promising opportunity for potential growth and development in the area, given the property's current occupancy and location.