Marcus & Millichap LAAA Team Sells Multifamily Property On Chariton Street In Los Angeles For $2.1M
2011 Chariton Street
62,670 SF
Summary
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.
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