Safco Capital Sells Multifamily Property In Los Angeles For $31.5M

The multifamily property located at 326 S. Reno Street in Los Angeles was recently sold for a total price of $31,500,000. The property consists of 65 units, with an average price per unit of $484,615. The total square footage of the property is 64,245, with an average price per square foot of $490.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $31,500,000
• Units: 65
• Price per Unit: $484,615
• Square Footage: 64,245
• Price per Square Foot: $490
• Address: 326 S. Reno Street, Los Angeles
• Market: Los Angeles

The seller of the property was Safco Capital. The seller's representatives in the deal were Omid Broukhim from Barak Investors Group, and David Maghen and Peyman Zargari from MIP Investment Corp.