Jerry Wise Acquires 8-Unit Multifamily On Menlo Avenue In Los Angeles For $6.2M

A multifamily property located at 2832 Menlo Avenue in Los Angeles has been sold in a closed transaction. The property consists of 8 units with a total square footage of 15,252. The sale price for this transaction was $6,250,000, resulting in a price per unit of $781,250 and a price per square foot of $410.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $6,250,000
• Address: 2832 Menlo Avenue
• Market: Los Angeles
• Buyer: Jerry Wise
• Seller: Taeko Lei
• Brokers: Davis Saadian & Nicole Sakhai - DSG X AKG
• Units: 8
• Price per Unit: $781,250
• Square Footage: 15,252
• Price per Square Foot: $410

The buyer for this transaction is Jerry Wise, while the seller is Taeko Lei. The deal was facilitated by brokers Davis Saadian and Nicole Sakhai from DSG X AKG. These key individuals played a crucial role in the success of the transaction.