The Goldfinger Group Acquires Multifamily Property In Los Angeles For $2.8M

The multifamily property located at 3305 Livonia Ave. in Los Angeles was recently sold for a price of $2,800,000. The property spans over an area of 8,392 square feet, resulting in a price per square foot of $333. The sale took place on March 11, 2022, and the transaction was facilitated by the buyer's representative, Dru Schroer from Central Realty Advisors, and the seller's representative, Mike Salerno from Lee and Associates. The deal was concluded with a gross rent multiplier (GRM) of 14.63 and a capitalization rate (CAP rate) of 3.9%.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $2,800,000
• Address: 3305 Livonia Ave.
• Market: Los Angeles

The buyers of the property were Elijah Korobkin and Maxx Feldman from The Goldfinger Group, while the seller was James R. Harris. Dru Schroer from Central Realty Advisors represented the buyers in the transaction. It is notable that this property transaction involved multiple individuals and companies, highlighting the collaborative effort behind the deal.