Tim & Vilay Durr Purchase Multifamily Asset On Edgemont Street In Los Angeles For $2.15M

The property asset involved in this transaction is a multifamily building located at 1825 Edgemont Street in Los Angeles. The transaction was completed at a sale price of $2,150,000. The building consists of 8 units and has a total square footage of 6,953, resulting in a price per unit of $268,750 and a price per square foot of $309.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $2,150,000
• Units: 8
• Square Footage: 6,953
• Price Per Unit: $268,750
• Price Per Square Foot: $309
• Date of Transaction: 08/30/2024
• Buyer: Tim & Vilay Durr
• Brokerage Representatives: Chris Kim & Rick Ramirez - Ally Commercial Real Estate

The transaction was facilitated by brokers Chris Kim and Rick Ramirez from Ally Commercial Real Estate, representing the buyers, Tim and Vilay Durr. Their involvement was critical in bringing this deal to completion in the Los Angeles market.