Arian Rejaei, Darin Beebower & Mark Ventre Broker $2.35M Multifamily Sale In Los Angeles

The multifamily property located at 3280 Provon Lane in Los Angeles was sold for $2,350,000. This asset comprises 11 units and has a price per unit of $213,636, while achieving a 6.94% cap rate. The sale occurred amidst challenging market conditions and was finalized with an all-cash, non-contingent buyer.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $2,350,000
• Units: 11
• Price Per Unit: $213,636
• Cap Rate: 6.94%
• Date of Sale: 10/16/2024
• Address: 3280 Provon Lane
• Market: Los Angeles

Arian Rejaei, Darin Beebower, and Mark Ventre of Kidder Mathews represented both the buyer, a local private investor, and the seller in this transaction. Kidder Mathews facilitated the sale effectively, emphasizing their capability in handling multifamily property transactions.