245 Reno Acquires Multifamily Property In South Bay For $11.24M

A multifamily property located at 245 S. Reno St in the South Bay market has been sold. The property spans 21,368 square feet and consists of 66 units. The sale price for this transaction was $11,240,000, resulting in a price per square foot of $526.02. The buyer of the property was 245 Reno, while the seller was Reno 66. The brokers involved in the deal were Taylor Avakian from J.A. Charles Wright.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $11,240,000
• Square Feet: 21,368
• Price per Square Foot: $526.02
• Units: 66
• Buyer: 245 Reno
• Seller: Reno 66
• Brokers: Taylor Avakian, J.A. Charles Wright

Notable individuals and companies involved in this transaction include Taylor Avakian from J.A. Charles Wright. These individuals represented both the buyer and seller in the deal, facilitating the successful completion of the transaction.