Eli Chitrik Acquires Multifamily Asset From Patrick Young In Los Angeles For $1,150,000

The property asset involved in the transaction is a multifamily unit located at 3101 West 48th Street in the Los Angeles market. The sale price for the asset was $1,150,000, comprising 8 units with a price per unit of $143,750. The total square footage of the property is 5,248, resulting in a price per square foot of $219.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $1,150,000
• Units: 8
• Price Per Unit: $143,750
• Square Feet: 5,248
• Price Per Square Foot: $219
• Buyer: Eli Chitrik
• Seller: Patrick Young
• Broker: Jake Glaser - Lyon Stahl Investment Real Estate

The deal involved Eli Chitrik as the buyer and Patrick Young as the seller, with Jake Glaser representing Lyon Stahl Investment Real Estate as the broker in this transaction.