Alam Khandakar Acquires 17-Unit Multifamily In Los Angeles For $3.32M

The 17-unit multifamily property located at 2176 South Venice Boulevard in Los Angeles was sold for $3,325,000. The property spans 9,311 square feet and was purchased for approximately $357 per square foot. The transaction was facilitated by buyer's representative Alam Khandakar of TRT Capital and seller's representatives Armin Soleimani and Julio Ruiz of Global Platinum Properties. The property offers a value-add opportunity with recent remodels, extensive exterior upgrades, and three brand-new attached ADUs under construction.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $3,325,000
• Units: 17
• Price Per Unit: $195,588
• Square Footage: 9,311
• Price Per Square Foot: $357
• Address: 2176 South Venice Boulevard
• Market: Los Angeles

Alam Khandakar from TRT Capital represented the buyer in acquiring the multifamily property, while Armin Soleimani and Julio Ruiz of Global Platinum Properties acted as the seller's representatives. The property's strategic location near popular amenities and transportation hubs enhances its appeal, offering a promising opportunity for further value enhancement with the ongoing construction of additional units.