Marcus & Millichap Facilitates $1.06M Sale Of 6-Unit Property In Boyle Heights

Located in Boyle Heights, the property at 2828 Lanfranco St recently changed hands in a sale transaction. The deal was facilitated by brokers Jason Tuvia and Kian Maronde from Marcus & Millichap. The property was sold for a total price of $1,060,000, with a square footage of 4,326. This amounts to a price per square foot of $245.37. The property consists of 6 units, resulting in a price per unit of approximately $176,667. The capitalization rate for this transaction is 3.64% and the gross rent multiplier is 16.03.

Summary of transation details

• Property Type: Sale
• Transaction Amount: $1,060,000
• Square Footage: 4,326
• Address: 2828 Lanfranco St
• Market: Boyle Heights
• Brokers: Jason Tuvia & Kian Maronde - Marcus & Millichap
• Price per Square Foot: $245.37
• Number of Units: 6
• Price per Unit: $176,667
• Capitalization Rate: 3.64%
• Gross Rent Multiplier: 16.03

The sale of 2828 Lanfranco St was coordinated by Jason Tuvia and Kian Maronde, both representing Marcus & Millichap. Their expertise in the real estate industry played an instrumental role in closing this transaction.