Schon Tepler Group Acquires Multifamily Property In Koreatown For $7M

A multifamily property located at 180 N. Alexandria Ave. in Koreatown has recently been sold. The property consists of 14 units with a total square footage of 14,316. The sale price for the property was $7,000,000, resulting in a price per unit (PPU) of $500,000 and a price per square foot (PPSF) of $488.

Summary of transation details:

• Property Type: Multifamily
• Transaction Amount: $7,000,000
• Address: 180 N. Alexandria Ave.
• Market: Koreatown
• Units: 14
• Price per Unit (PPU): $500,000
• Total Square Footage (SF): 14,316
• Price per Square Foot (PPSF): $488

The sale was facilitated by Schon Tepler Group, with Artem Tepler and Paul Schon representing the seller. No additional information regarding the buyer or financing details were provided.