Paul Singh Acquires Multifamily Property From John McMannus For $1.2M In Los Angeles

The property asset involved in the transaction is located at 3005 South Normandie Avenue in Los Angeles, featuring a total sale price of $1,200,000. This multifamily asset comprises 8 units and has a total square footage of 4,837, resulting in a price per unit of $150,000 and a price per square foot of $248.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $1,200,000
• Units: 8
• Square Footage: 4,837
• Price Per Unit: $150,000
• Price Per Square Foot: $248
• Buyer: Paul Singh
• Seller: John McMannus
• Broker: Taylor Avakian - The Group CRE - Lyon Stahl Investment Real Estate

The Group CRE successfully facilitated the sale on behalf of the seller, John McMannus, after the property had been listed with three previous brokerages. The team, led by Taylor Avakian, was able to generate multiple offers on the asset, creating a competitive bidding environment amongst potential buyers.