Rob Lavinovitch Acquires Multifamily Asset At 3310 Keystone Avenue Los Angeles For $2.45M

The property asset involved in this transaction is a multifamily unit located at 3310 Keystone Avenue in the Los Angeles market. The sale was completed for a total of $2,450,000, encompassing a total square footage of 7,700, which equates to a price per square foot of $318. The gross rent multiplier for this asset is recorded at 10.48, and the capitalization rate stands at 5.99%.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $2,450,000
• Address: 3310 Keystone Avenue
• Market: Los Angeles
• Square Footage: 7,700
• Price Per Square Foot: $318
• Gross Rent Multiplier: 10.48
• Capitalization Rate: 5.99%
• Buyer: Rob Lavinovitch
• Seller: Michael Schachter
• Broker: Michael Monempour - Lyon Stahl Investment Real Estate

This transaction highlights the involvement of key individuals, including buyer Rob Lavinovitch and seller Michael Schachter. The deal was facilitated by broker Michael Monempour, representing Lyon Stahl Investment Real Estate, underscoring the active role of brokerage in the real estate market.