Morgan Brown Acquires Hollywood Multifamily For $12.5M

The multifamily property located at 1901 Orchid Avenue in Hollywood has been sold for $12,500,000. The transaction was completed on January 28, 2020. This property spans across 10,573 square feet, resulting in a price per square foot of $1,183. The property consists of 9 units, with an average price per unit of $1,388,889.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $12,500,000
• Square Footage: 10,573
• Price per Square Foot: $1,183
• Units: 9
• Price per Unit: $1,388,889
• Address: 1901 Orchid Avenue, Hollywood

The seller of the property was John Padgett, while the buyer was Morgan Brown. Representing the seller was Barry Gray from Deasy Penner Podley. Nikola Kretschmann and Nick Fichera from Figure8Realty acted as the buyer's representatives in the transaction.