Warren Berzack Acquires Multifamily Property In Koreatown For $5.9M

Located in Koreatown, the multifamily property at 2921 Francis Ave. has been sold in a recent transaction. The sale, which took place on October 22, 2021, involved a total of 30 units with a sale price of $5,900,000. This translates to an average price per unit of $196,666. The property spans a total area of 14,514 square feet, resulting in a price per square foot of $406.

Summary of transation details

• Property Type: Multifamily
• Transaction Amount: $5,900,000
• Address: 2921 Francis Ave.
• Market: Koreatown
• Units: 30
• Price Per Unit: $196,666
• Square Footage: 14,514
• Price Per Square Foot: $406

The buyer in this transaction was Warren Berzack, while Brian Evans acted as the seller. The deal was facilitated by Zac Freehling, Jason Shenitzer, and Mick Jordan from Pacific Partners Real Estate Investments, who represented both parties in the transaction.