Phil Lin Acquires USC Student Housing Multifamily For $6M

The recently closed transaction involves a multifamily property located at 3000 S. Normandie Avenue in the USC Student Housing market. The asset consists of 8 units with a total square footage of 8,400. The property was sold for a price of $6,000,000, resulting in a per unit price of $750,000 and a per square foot price of $714.

Summary of Transaction Details

• Property Type: Multifamily
• Transaction Amount: $6,000,000
• Address: 3000 S. Normandie Avenue
• Market: USC Student Housing
• Buyer: Phil Lin
• Seller: John Patterson
• Brokers: Davis Saadian & Adam Shamooelian - Keller Williams Beverly Hills
• Units: 8
• Price per Unit: $750,000
• Square Footage: 8,400
• Price per Square Foot: $714

The transaction was facilitated by brokers Davis Saadian and Adam Shamooelian from Keller Williams Beverly Hills, representing the buyer and seller, respectively. Their expertise and negotiation skills played a crucial role in successfully closing the deal.