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

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SOLD
$3,760,000

California

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MultiFamily8,952 SF
Sold 07/19/2024
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SOLD

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

2463 Sawtelle Boulevard

See Similar Deals
MultiFamily8,952 SF
Sold 07/19/2024
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Summary

CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$420
Total Square Footage:8,952 SF
Transaction Type:Sale

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.

Players

Matt Ziegler
26 deals$190.4M volume(310) 403-3325
BROKER

Details

SOLD
IMAGE: Matt Ziegler DATE: 07/19/2024 ADDRESS: 2463 Sawtelle Boulevard MARKET: Los Angeles ASSET TYPE: Multifamily BROKER: Matt Ziegler - Marcus & Millichap (@MarcusMillichapinc) SALE PRICE: $3,760,000 UNITS: 9 ~ PPU: $417,778 SF: 8,952 ~ PPSF: $420 NOTE: In Los Angeles, a 9-unit apartment building at 2463 Sawtelle Boulevard has been sold for $3.76 million by broker Matt Ziegler of Marcus & Millichap. Built in 1993 and located in West Los Angeles, the property offers a mix of spacious units with upscale features like fireplaces, central air conditioning, and modern appliances, catering to tenants seeking family living with office or workspace options. The building includes amenities such as controlled access, gated parking, and is strategically positioned near major freeways and public transportation, enhancing its appeal in a desirable rental submarket.

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