FCA Acquires Habitat In Koreatown For $5.35M From Peter Strauss

The property involved in the transaction is Habitat, a 23-unit apartment building located at 3333 San Marino St in Koreatown, Los Angeles. The property was sold for $5.35 million, equivalent to $232,608 per unit or $358 per square foot. The transaction took place on November 22, 2016, with Peter Strauss representing the seller, MCP. The asset type is a MultiFamily property in the Los Angeles market.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $5,350,000.00
• Address: 3333 San Marino St, Los Angeles, CA
• Market: Los Angeles
• Seller's Rep: Peter Strauss (MCP)
• Buyer: FCA

The buyer, FCA, will have the opportunity to renovate and remodel the apartment building post-transaction.