Located in Prime Los Feliz, this multifamily property at 2900 Griffith Park Boulevard has been sold in a closed transaction. The property consists of 3 units with a total square footage of 2,106. The sale price for this property was $1,400,000, resulting in a per unit price of $467,000 and a price per square foot of $665. This transaction marks the first time the property has been sold in over 20 years and was purchased by an all-cash buyer with a quick 13-day escrow period.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $1,400,000
• Address: 2900 Griffith Park Boulevard
• Market: Los Angeles
• Buyer: Polly Johnsen
• Seller: Eric Bennett
• Brokers: Filip (Fil) Niculete, Glen Scher, and Floyd Shaheen - Marcus & Millichap
• Units: 3
• Price per Unit: $467,000
• Square Footage: 2,106
• Price per Square Foot: $665

The buyer of this property is Polly Johnsen, while Eric Bennett acted as the seller. The transaction was facilitated by the brokers Filip (Fil) Niculete, Glen Scher, and Floyd Shaheen, who represented both the buyer and the seller. The property was sold with deferred maintenance, and no credits were given to the buyer. The sale price of $1,400,000 translates to a 3.23% capitalization rate and a Gross Rent Multiplier (GRM) of 17.98.