Edward Ratinoff And Gavin Sacks Purchase Multifamily Property On Greenfield Avenue For $7M

The asset involved in this transaction is a multifamily property located at 1615 Greenfield Avenue in the Los Angeles market. The sale price was $7,000,000, encompassing a total of 14 units. The property features a square footage of 18,385, resulting in a price per unit of $500,000 and a price per square foot of $380.

Summary of transation details:

• Property Type: Multifamily
• Transaction Amount: $7,000,000
• Units: 14
• Price Per Unit: $500,000
• Square Footage: 18,385
• Price Per Square Foot: $380
• Buyer: Edward Ratinoff & Gavin Sacks
• Seller: Carsten Bosse
• Buyer's Representative: Arteen Zahiri & Rabbie Banafsheha - Marcus & Millichap
• Seller's Representative: Tony Azzi, Ara Rostamian & Orbell Ovaness - Marcus & Millichap

The individuals involved in the transaction include the buyers Edward Ratinoff and Gavin Sacks, alongside seller Carsten Bosse. The deal was represented by brokers from Marcus & Millichap, with Arteen Zahiri and Rabbie Banafsheha representing the buyers, while Tony Azzi, Ara Rostamian, and Orbell Ovaness represented the seller.