Marcus & Millichap LAAA Team Sells Multifamily Property On Chariton Street In Los Angeles For $2.1M

A multifamily property located at 2011 Chariton Street in Los Angeles has recently been sold for $2,112,000. The property spans an area of 6,267 square feet, resulting in a price per square foot of $337. It consists of 5 units, with each unit being sold at an average price of $422,400. The capitalization rate for this transaction is reported to be 3.39%, while the capitalization gross rent multiplier stands at 17.33.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $2,112,000
• Square Footage: 6,267
• Price per Square Foot: $337
• Number of Units: 5
• Price per Unit: $422,400
• Capitalization Rate: 3.39%
• Capitalization Gross Rent Multiplier: 17.33

The sale of this multifamily property was facilitated by Josh Hill, Filip Niculete, and Glen Scher of Marcus & Millichap LAAA Team. Their expertise in the market and their representation of the parties involved contributed to the successful completion of this transaction.