Eric Dilanian Of RE/MAX Commercial & Investment Realty Represents Seller & Buyer In 43-Unit Highland Park Multifamily Portfolio Sale For $6.6M

The multifamily asset involved in this transaction is a portfolio of three mid-century apartment buildings located in Los Angeles. The total sale price for the portfolio was $6,600,000, encompassing 43 units across a combined square footage of 33,314. The properties are situated at 217 South Avenue 54, 5629 Monte Vista Street, and 820 Chestnut Avenue, all within the Highland Park area of Los Angeles.

This transaction marks Eric Dilanian's second portfolio closing of the year, having successfully represented the Seller while procuring Buyers for all three properties. The assets were marketed for the first time in 20–40 years, which resulted in strong buyer demand and multiple offers. Eric utilized his extensive knowledge of the Los Angeles market to navigate the complexities of these transactions during a period characterized by volatility and uncertainty.