Mayer Capital Partners Sells 12-Unit Mid-City Multifamily For $3.2M

Located at 1819 S. Manhattan Pl. in the Mid-City neighborhood of Los Angeles, this multifamily property was recently sold for a record-breaking price per unit. The sale was facilitated by brokers Josh Kaplan and Troy Lucero from Transwestern. The property, owned by Mayer Capital Partners, was purchased for a total price of $3,245,000.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $3,245,000
• Market: Mid-City
• Address: 1819 S. Manhattan Pl.

Consisting of 12 units, the property offers a per unit price of $270,416. The total square footage of the property is 10,332, resulting in a price per square foot of $314. Notably, the property includes one vacant unit and presents an additional 57% upside in rents.

For more information about this remarkable transaction, interested parties can get in touch with Josh Kaplan and Troy Lucero from Transwestern at [email protected].