Shannon Fenton Of Compass Represents Buyer In Multifamily Sale At 3278-84 Casitas Avenue For $2.175M

A seven-unit apartment building located at 3278-84 Casitas Avenue in Los Angeles' Atwater Village sold for $2.175 million. The property consists of Spanish bungalow-style units and has potential for accessory dwelling unit (ADU) conversions using its seven garage spaces. Built in 1923, it offers tenants close proximity to trendy restaurants and entertainment options in the area.

Summary of transation details:

• Property Type: Multifamily
• Transaction Amount: $2,175,000
• Units: 7
• Price Per Unit: $310,714
• Buyer's Representative: Shannon Fenton - Compass
• Seller's Representative: Jason Tuvia - Marcus & Millichap
• Date of Sale: 10/11/2024

This transaction involved key representatives in the real estate industry, with Shannon Fenton representing the buyer as part of Compass and Jason Tuvia representing the seller under Marcus & Millichap. Their expertise contributed to the successful facilitation of this multifamily sale in a notable Los Angeles market.