Hank Hoang Of Treeline Realty & Investment Represents Buyer In $6.17M Multifamily Sale In Los Angeles

The property located at 1913 West Third Street, Los Angeles, is a multifamily asset consisting of 41 units. It was sold for $6,170,000 and spans a total square footage of 21,692, translating to a price per unit of $150,488 and a price per square foot of $284. The asset is situated on 0.47 acres and features a mix of studios and one-bedroom units within two historic buildings, highlighting its potential for rental growth.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $6,170,000
• Address: 1913 West Third Street
• Market: Los Angeles
• Units: 41
• Price per Unit: $150,488
• Square Footage: 21,692
• Price per Square Foot: $284
• Buyer’s Representative: Hank Hoang - Treeline Realty & Investment
• Seller’s Representative: Raymond Rodriguez - Keller Williams

The transaction involved Hank Hoang representing the buyer, Treeline Realty & Investment, and Raymond Rodriguez representing the seller, Keller Williams. The Victorian on 3rd, as the property is known, demonstrates attractive value metrics and offers opportunities for future development, emphasizing its zoning classification of LAC2.