The 1920s-era, twelve-unit multifamily building located at 2204 7th Avenue in the Mid-City neighborhood of Los Angeles has been sold for $2,050,000. The property, represented by Transwestern, offers a value-add opportunity with current rents below market. With a total area of 8,488 square feet, the price per square foot comes out to be $241.52.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $2,050,000
• Address: 2204 7th Ave
• Market: Mid-City

Troy Lucero, John Swartz, and Josh Kaplan from Transwestern facilitated the deal as the brokers representing both the buyer and seller in the transaction.