Robert Leveen Represents Buyer In $5.02M Sale Of Multifamily Asset In Los Angeles

A four-story apartment building located at 211 South Poinsettia Place in Los Angeles has been sold for $5.02 million. The multifamily asset features six units, each comprising two bedrooms and two bathrooms, with a total square footage of 12,976. The price per unit is recorded at $836,667, and the price per square foot is $387. The property, situated in the Miracle Mile/Hancock Park area, includes a top-floor penthouse with over 4,000 square feet and 360-degree views of the city, along with in-unit washers and dryers in all apartments. Five of the units are eligible for immediate rent increases.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $5,020,000
• Address: 211 South Poinsettia Place
• Market: Los Angeles
• Units: 6
• Price Per Unit: $836,667
• Total Square Footage: 12,976
• Price Per Square Foot: $387
• Buyer's Representative: Robert Leveen
• Seller's Representative: Joshua Tomaszewski - JRM Properties

The transaction involved Robert Leveen representing the buyer and Joshua Tomaszewski from JRM Properties representing the seller, facilitating the sale of this multifamily property in a prominent Los Angeles neighborhood.