Mario Morales Acquires 16-Unit Multifamily Property In Los Angeles For $2.6M

A multifamily property located at 2314 West Pico Boulevard in Los Angeles has been sold in a closed transaction. The property consists of 16 units with a total square footage of 9,408. The sale price was $2,600,000, resulting in a price per unit of $162,500 and a price per square foot of $276.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $2,600,000
• Address: 2314 West Pico Boulevard
• Market: Los Angeles
• Units: 16
• Price per Unit: $162,500
• Square Footage: 9,408
• Price per Square Foot: $276

The buyer of the property is Mario Morales, and the seller is John Seung. The deal was facilitated by Han Widjaja Chen, Abel Benitez, and Marc Schwartz from Growth Investment Group, who represented both Buyer and Seller.