Gabriel Jones Acquires Multifamily Property In Lincoln Heights For $1.395M

A multifamily property located at 2328 Johnston in Lincoln Heights was recently sold for a total of $1,395,000. The transaction took place on September 24, 2021. The property consists of 10 units with an average price per unit of $139,500. The total square footage of the property is 5,870, resulting in a price per square foot of $237. The sale was handled by broker Dana Coronado from KW Commercial.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $1,395,000
• Address: 2328 Johnston, Lincoln Heights
• Market: Lincoln Heights

Gabriel Jones was the buyer of the property, while Hao Banh acted as the seller. The transaction was facilitated by Dana Coronado from KW Commercial, who represented the parties involved in the deal. Notably, the property received significant interest, with a total of 10 offers received. The sale was listed and closed escrow within 30 days, initiating a two-week escrow period that was 100% non-contingent from day one.