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Morgan Brown Acquires Hollywood Multifamily For $12.5M

Property Image
SOLD
$12,500,000

California

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MultiFamily10,573 SF
Sold 01/28/2020
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Property Image
SOLD

Morgan Brown Acquires Hollywood Multifamily For $12.5M

1901 N Orchid Ave, Los Angeles, CA 90068, USA

See Similar Deals
MultiFamily10,573 SF
Sold 01/28/2020
the dealplayerscompscontact
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Summary

CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$1,182
Total Square Footage:10,573 SF
Transaction Type:Sale

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.

Players

MB
Morgan Brown
3 deals$34.1M volume
BUYER

Details

SOLD
IMAGE: IMAGE: Nikola Kretschmann (@NikiKretsch) & @Nick_Fichera DATE: 01/28/2020 ADDRESS: 1901 Orchid Avenue MARKET: Hollywood ASSET TYPE: Multifamily SELLER: John Padgett BUYER: Morgan Brown SELLER’S REP: Barry Gray – Deasy Penner Podley BUYER’S REP: Nikola Kretschmann, Nick Fichera – @Figure8Realty PRICE: $12,500,000 SF: 10,573 PPSF: $1,183 UNITS: 9 PPU: $1,388,889

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