Matt Ziegler Of Marcus & Millichap Sells 9-Unit Multifamily Building In Los Angeles For $3.76M

A 9-unit apartment building located at 2463 Sawtelle Boulevard in Los Angeles has been sold for $3.76 million. The property encompasses 8,952 square feet, translating to a price per unit of $417,778 and a price per square foot of $420. Built in 1993, this multifamily asset offers a mix of spacious units featuring upscale attributes such as fireplaces and central air conditioning. The building is equipped with amenities like controlled access and gated parking, making it attractive to tenants. Its strategic location near major freeways and public transportation enhances its desirability in the rental market.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $3,760,000
• Units: 9
• Square Footage: 8,952
• Price Per Unit: $417,778
• Price Per Square Foot: $420

The transaction was facilitated by broker Matt Ziegler, representing Marcus & Millichap. This asset closing reflects the ongoing activity in the Los Angeles real estate market, particularly in multifamily properties offering family living options combined with workspace potential.