Dr. Richard Sullivan Acquires Multifamily Property At 18218 Mansel Avenue For $2.04M

The transaction involves a multifamily property located at 18218 Mansel Avenue in Los Angeles. It was sold for $2,040,000, encompassing 3,300 square feet, which calculates to a price per square foot of $618.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $2,040,000
• Address: 18218 Mansel Avenue
• Market: Los Angeles
• Buyer: Dr. Richard Sullivan
• Seller: Daniel May
• Brokers: Daniel Solomon - Kidder Mathews; David Saghian - Lyon Stahl Investment Real Estate
• Square Footage: 3,300
• Price per Square Foot: $618

Daniel Solomon successfully managed the sale of a veterinary hospital prior to this transaction, applying his healthcare real estate expertise to realize optimal value. He worked alongside David Saghian for a strategic 1031 exchange, assisting their client in acquiring the multifamily property post-sale of the veterinary facility. Their collaboration was vital in identifying and securing the appropriate asset, leading to an efficient execution of the exchange.