SOLD
MP Partners Acquires Multifamily Property In Los Angeles For $25.5M
340 South La Fayette Park Place
MultiFamily
88,315 SF
88,315 SF
Sold 1 year ago
Summary
Sale
CALIFORNIA
MultiFamily
88,315 sqft
A multifamily property located at 340 S. La Fayette Park Place in Los Angeles has been sold for a price of $25,500,000. The property consists of 100 units with an average price per unit of $255,000. It spans a total square footage of 88,315, resulting in a price per square foot of $288. The transaction took place on September 6, 2021.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $25,500,000
- Address: 340 S. La Fayette Park Place
- Market: Los Angeles
- Units: 100
- Price per Unit: $255,000
- Total Square Footage: 88,315
- Price per Square Foot: $288
The buyer of the property is MP Partners represented by Shannon Abbott. The seller is Bristol Garden Investors represented by Lawrence Lew. The transaction was facilitated by Rick Raymundo, a broker from Marcus & Millichap.
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Details
SOLD
IMAGE: Rick Raymundo
DATE: 09/06/2021
ADDRESS: 340 S. La Fayette Park Place
MARKET: Los Angeles
ASSET TYPE: Multifamily
BUYER: MP Partners - Shannon Abbott
SELLER: Bristol Garden Investors - Lawrence Lew
BROKER: Rick Raymundo (@LACMultifamily) - Marcus & Millichap
SALE PRICE: $25,500,000
UNITS: 100 ~ PPU: $255,000
SF: 88,315 ~ PPSF: $288View on map
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Address340 South La Fayette Park Place
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