HJK International Inc. Acquires Multifamily Property In Los Angeles For $3.06M

An overseas buyer has recently acquired a multifamily property located at 1760 S. Bentley Ave. in Los Angeles. The property consists of 5 units and spans across 5,828 square feet. The sale price for this transaction amounted to $3,060,000, resulting in a price per unit of $612,000 and a price per square foot of $525. It is worth noting that this sale marks the second-highest price per unit ever recorded for a rent-controlled property in the 90025 area. Additionally, 4 out of the 5 units were vacant at the time of the sale.

Summary of transation details

• Property Type: Multifamily
• Transaction Amount: $3,060,000
• Units: 5
• Price per Unit: $612,000
• Total Square Footage: 5,828
• Price per Square Foot: $525
• Market: Los Angeles

The buyer was represented by Andrew Lee from HJK International Inc., while the seller was represented by Glen Scher, Filip Niculete, and Aida Memary from Marcus & Millichap. This all-cash transaction saw a quick close and highlights the strong demand for multifamily properties in the Los Angeles market.