Will James & Tom Jonsson Acquire Multifamily Property On South Commonwealth Ave, Los Angeles For $5.4M

The multifamily property located at 220 S. Commonwealth Ave. in Los Angeles has been sold for $5,400,000. This property consists of 24 units, with a price per unit of $225,000. The total square footage of the property is 12,428, resulting in a price per square foot of $435. The transaction had a cap rate of 4.50%.

Summary of transation details

• Property Type: Multifamily
• Transaction Amount: $5,400,000
• Units: 24
• Price Per Unit: $225,000
• Square Footage: 12,428
• Price Per Square Foot: $435
• Cap Rate: 4.50%
• Address: 220 S. Commonwealth Ave.
• Market: Los Angeles

The sale of this property was facilitated by brokers Will James and Tom Jonsson.