Leo King Purchases Multifamily Asset At 2332 South Bentley Avenue For $6.3M From Jeff Brodsky

The property involved in the transaction is a multifamily asset located at 2332 South Bentley Avenue in the Los Angeles market. The property features 17 units across a total square footage of 17,974, and it was sold for a total price of $6,300,000, resulting in a price per unit of $370,588 and a price per square foot of $350. Additionally, the property has a capitalization rate of 605% and a gross rent multiplier of 10.38.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $6,300,000
• Units: 17
• Square Footage: 17,974
• Price Per Unit: $370,588
• Price Per Square Foot: $350
• Capitalization Rate: 605%
• Gross Rent Multiplier: 10.38
• Buyer: Leo King
• Seller: Jeff Brodsky
• Broker: Michael Monempour - Lyon Stahl Investment Real Estate

In this transaction, Leo King acted as the buyer while Jeff Brodsky was the seller. The deal was facilitated by broker Michael Monempour from Lyon Stahl Investment Real Estate, who represents the interests of both the buyer and seller in this multifamily property sale.