Rob Bellamy & Tony Azzi Of Vita Equities Acquire Multifamily Property On Hollycrest Drive In Los Angeles For $1M

The multifamily property located at 3160 Hollycrest Drive in Los Angeles has been sold in a closed transaction. The property consists of 10 units with a total of 3,870 square feet. The sale price for this transaction was $1,000,000, resulting in a per unit price of $100,000. The price per square foot for the property is $258. The buyer of the property is Rob Bellamy and Tony Azzi, representing Vita Equities. The seller for this transaction is Chin Liao. Marcus & Millichap, represented by Jordan Asheghian, acted as the broker in this deal.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $1,000,000
• Units: 10
• Price Per Unit: $100,000
• Square Feet: 3,870
• Price Per Square Foot: $258
• Buyer: Rob Bellamy and Tony Azzi - Vita Equities
• Seller: Chin Liao
• Broker: Jordan Asheghian - Marcus & Millichap

This off-market transaction was made with a repeat client and involved an all-cash payment with a 7-day escrow period. The property had a significant amount of deferred maintenance. Additionally, the property was sold with an adjacent 2,800 square feet LAC1 lot.