Steve Choi Acquires Multifamily Asset From Lee Kort In Los Angeles For $6.048M

This multifamily asset located at 2300 Valley Street in the Los Angeles market has been successfully sold. The sale price achieved for this transaction was $6,048,000, encompassing a total of 18 units. The property measures 26,319 square feet, resulting in a price per unit of $336,000 and a price per square foot of $229.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $6,048,000
• Units: 18
• Square Footage: 26,319
• Price Per Unit: $336,000
• Price Per Square Foot: $229
• Buyer: Steve Choi
• Seller: Lee Kort
• Buyer's Representative: Tony Sameyah & Reza Ghobadi - Colliers
• Seller's Representative: Tommy Yates, Mike Smith & Vince Norris

The successful transaction involved key individuals Tony Sameyah and Reza Ghobadi representing the buyer Steve Choi, while the seller Lee Kort was represented by Tommy Yates, Mike Smith, and Vince Norris. This collaboration among industry professionals facilitated the smooth exchange of the property in the competitive market.