SOLD
Private Investor Acquires Koreatown Multifamily Property For $2.2M
2900 Francis Avenue
MultiFamily
Sold 156 days ago
Summary
Sale
CALIFORNIA
MultiFamily
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
All
3
Agents
2
Agencies
1
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.View on map
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Address2900 Francis Avenue
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