Avison Young Brokers Sell Multifamily Property In Los Angeles For $8M

An undisclosed multifamily property located at 1820 El Cerrito Place in Los Angeles has recently been sold for a total of $8,000,000. The transaction took place on March 31, 2022, and involved a total of 24 units. This equates to an average price per unit of approximately $333,333.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $8,000,000
• Address: 1820 El Cerrito Place, Los Angeles
• Market: Los Angeles
• Units: 24
• Price Per Unit: $333,333

The sale of this multifamily property was facilitated by the brokers Peter Sherman, John Tronson, and Steven Tronson from Avison Young.