Yaacov Bren Purchases 10-Unit Multifamily Property On Grace Avenue From Jackie Larson For $1.775M

The property asset involved in the transaction is a multifamily building located at 1820 Grace Avenue in Los Angeles. The sale price for this property was $1,775,000, comprising 10 units. The total square footage of the asset is 6,916, which translates to a price per unit of $177,500 and a price per square foot of $256.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $1,775,000
• Units: 10
• Square Feet: 6,916
• Price Per Unit: $177,500
• Price Per Square Foot: $256
• Buyer: Yaacov Bren
• Seller: Jackie Larson
• Buyer & Seller's Representatives: Michael Kamara - The Kamara Multifamily Group & Michael Sterman - Marcus & Millichap

The transaction involved notable individuals such as buyer Yaacov Bren and seller Jackie Larson, along with their representatives Michael Kamara from The Kamara Multifamily Group and Michael Sterman from Marcus & Millichap, reflecting the collaboration of distinct parties in the multifamily real estate market.