Brandon Mann Adam Dreyfuss Tomer Sheelo Acquire Park Grove Apartments From Blake Wilson-Hayden For $4.04M

The Park Grove Apartments, located at 1984 Park Grove Avenue in Los Angeles, is a multifamily asset consisting of 26 units. Recently closed at a sale price of $4,040,000, the building spans a total square footage of 14,549, with a price per unit of $155,384 and a price per square foot of $277.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $4,040,000
• Number of Units: 26
• Square Footage: 14,549
• Price per Unit: $155,384
• Price per Square Foot: $277
• Buyer: Brandon Mann, Adam Dreyfuss, Tomer Sheelo - Focal Investments, Ryan Katz
• Seller: Blake Wilson-Hayden
• Buyer's Representative: Vaun Lennon & Brett Colvin - Lee & Associates
• Seller's Representative: Jon Rawson - Avenue Realty Group

The buyer, a group that includes Brandon Mann, Adam Dreyfuss, Tomer Sheelo, and Ryan Katz, plans to add three accessory dwelling units (ADUs) and reposition the asset within the USC Patrol Area, ensuring proximity to the USC Village.