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Private Investor Acquires Koreatown Multifamily Property For $2.2M

Property Image
SOLD
$2,200,000
Josh Yeager
Jason Tuvia

California

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MultiFamily
Sold 11/27/2023
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Property Image
SOLD

Private Investor Acquires Koreatown Multifamily Property For $2.2M

2900 Francis Avenue

See Similar Deals
MultiFamily
Sold 11/27/2023
Josh Yeager
Jason Tuvia
the dealplayerscompscontact
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Summary

CALIFORNIA
Asset Type:MultiFamily
Transaction Type:Sale

Marcus & Millichap arranged the sale of 2900 Francis Avenue, a Koreatown multifamily property, with an undisclosed seller selling to a private investor for $2.2 million. The property, built in 1922 and subject to Los Angeles' rent control laws, comprises 10 one-bedroom/one-bath apartments.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $2,200,000
  • Units: 10
  • Price Per Unit: $220,000
  • Address: 2900 Francis Avenue
  • Market: Los Angeles

Jason Tuvia and Joshua Yeager, representing Marcus & Millichap, represented the seller and secured the buyer in this transaction.

Players

Jason Tuvia
Marcus & Millichap
Jason Tuvia
42 deals$127.3M volume(818) 212-2735
BROKER
Josh Yeager
Equity Union Real Estate
Josh Yeager
9 deals$32.9M volume(818) 741-8010
BROKER

Details

SOLD
IMAGE: Joshua Yeager & Jason Tuvia DATE: 11/27/2023 ADDRESS: 2900 Francis Avenue MARKET: Los Angeles ASSET TYPE: Multifamily BROKERS: Jason Tuvia (@TuviaGroup) & Joshua Yeager (@JoshYeager100) - Marcus & Millichap (@MarcusMillichapLosAngeles) SALE PRICE: $2,200,000 UNITS: 10 ~ PPU: $220,000 NOTE: Marcus & Millichap arranged the sale of 2900 Francis Avenue, a Koreatown multifamily property, with an undisclosed seller selling to a private investor for $2.2 million. The 1922-built value-add property, subject to Los Angeles' rent control laws, comprises 10 one-bedroom/one-bath apartments, and Jason Tuvia and Joshua Yeager represented the seller and secured the buyer.

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