Estella Lee Purchases Multifamily Asset From Jason Aftalion In Los Angeles For $982,500

The asset involved in this transaction is a multifamily property located at 2506 Budlong Avenue in the Los Angeles market. The sale price for the property was $982,500, which breaks down to 5 units at a price per unit of $196,500. The total square footage of the property is 4,460, with a price per square foot of $220.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $982,500
• Units: 5
• Price Per Unit: $196,500
• Total Square Feet: 4,460
• Price Per Square Foot: $220
• Buyer: Estella Lee
• Seller: Jason Aftalion
• Buyer’s Representative: Jason Tuvia & Nick Mejerski - Marcus & Millichap
• Seller’s Representative: Jake Glaser & Spencer Chan - Lyon Stahl Investment Real Estate

This multifamily transaction included key representations from Jason Tuvia and Nick Mejerski, who represented the buyer, Estella Lee, while Jake Glaser and Spencer Chan represented the seller, Jason Aftalion. The collaborative effort of the brokerage teams contributed to the successful conclusion of this deal.