A multifamily property located at 320 North Mountain View Avenue in Los Angeles was recently sold for $3,450,000. The property consists of 14 units with a total square footage of 16,401 square feet, equating to a price per unit of $246,429 and a price per square foot of $210. Situated in South Echo Park, the building offers a mix of affordable and market-rate units, luxury amenities, and is conveniently close to Echo Park Lake and popular Eastside establishments.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $3,450,000
• Units: 14
• Square Footage: 16,401
• Price Per Unit: $246,429
• Price Per Square Foot: $210
• Address: 320 North Mountain View Avenue
• Market: Los Angeles

The buyer in this transaction was represented by Wonnie Kim from Won Suk Kim Real Estate, while the seller was represented by Jason Tuvia from Marcus & Millichap. The successful sale of this nearly completed 14-unit apartment building highlights the expertise and negotiation skills of both parties involved, solidifying a lucrative deal in the thriving Los Angeles real estate market.