Rina Mark & Judy Kajan Acquire 7-Unit Multifamily In Los Angeles For $3.5M

The multifamily property located at 1941 Malcolm Ave in Los Angeles, CA has been sold for a total price of $3,500,000. The property consists of 7 units, with a price per unit of $500,000. It spans across an area of 5,915 square feet, resulting in a price per square foot of $592. The gross rent multiplier (GRM) for this property is 19.3 times its gross income.

Summary of Transation Details

• Property Type: Multifamily
• Transaction Amount: $3,500,000
• Address: 1941 Malcolm Ave, Los Angeles, CA
• Units: 7
• Price per Unit: $500,000
• Square Footage: 5,915
• Price per Square Foot: $592
• Gross Rent Multiplier (GRM): 19.3

The buyers of this property are Rina Mark and Judy Kajan, while the seller is Reza Iranpour. Representing the buyers in this transaction is Evan Kajan from Keller Williams, and the seller is represented by Jake Plewa from Remax Commercial.