Private Investor Buys MultiFamily Property In Los Angeles For $2.79M

The property at 156-160 South Hayworth Ave in Los Angeles, CA, is a two-story multi-family asset. The fully occupied seven-unit property features a three-bedroom penthouse with an elevator, one three-bedroom unit, two two-bedroom units, and three one-bedroom units. The property was recently sold for $2.79 million to a private investor by Stepp Commercial. The deal closed at a cap rate of 3.6%.

Summary of transation details:

• Property Type: MultiFamily
• Transaction Amount: $2,790,000.00
• Address: 160 S Hayworth Ave, Los Angeles, CA...
• Market: Los Angeles
• Buyer: Private Investor

Kimberly Roberts Stepp, a principal at Stepp Commercial, represented the buyer in this transaction. The seller of the property was a family trust based in Los Angeles.