Saul Shasha & Blair Shasha Acquire 10-Unit Multifamily In South Los Angeles For $2.5M

The multifamily property located at 343 W. 89th St. in South Los Angeles has been sold. The sale took place on November 16, 2021, with a sale price of $2,475,000. The property consists of 10 units with a total square footage of 7,861. The sale price per unit was $247,500, and the price per square foot was $314. This transaction set a record for the highest price per unit ever recorded for a rent control property in the 90003 area. All 10 units in the property are occupied by Section 8 tenants and feature 2-bedroom layouts.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $2,475,000
• Address: 343 W. 89th St., South Los Angeles
• Market: South Los Angeles
• Units: 10
• Price per Unit: $247,500
• Square Footage: 7,861
• Price per Square Foot: $314

In this transaction, the buyers were Saul Shasha and Blair Shasha, while the sellers were James Gross and Patricia Gross. The buyer's representatives from BRC Advisors were Ian Hollinger and Griffin White. On the other hand, the seller's representatives from Marcus & Millichap were Filip Niculete, Glen Scher, and Jordan Epstein from the LAAA Team. These individuals and firms played important roles in facilitating the sale of the property.