Elizabeth Maddox & Ian Maddox Sell MultiFamily Property In Los Angeles For $3.24M

1700 South Redondo Boulevard in Los Angeles sold for $3,235,000, featuring a fourplex with four units, totaling 7,504 square feet at a price per unit of $808,750 and a price per square foot of $431. The architecturally striking new construction boasts steel construction, rooftop decks with city views, and a prime location in Mid-City, offering an opportunity zone designation, separate utility meters, and a 1-year builder's warranty, appealing to investors seeking high-quality professional tenants in a rapidly transforming rental market.

Summary of transation details:

• Property Type: MultiFamily
• Transaction Amount: $3,235,000
• Units: 4
• PPU: $808,750
• SF: 7,504
• PPSF: $431
• Address: 1700 South Redondo Boulevard
• Market: Los Angeles

The 2-4 Unit Specialists, Elizabeth Maddox & Ian Maddox, represented the deal of 1700 South Redondo Boulevard, bringing their expertise to ensure a successful transaction for all parties involved.