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Michael Shanfeld's The Shanfeld Group Acquires Multifamily Property On N. Sycamore Ave For $2.8M

Property Image
SOLD
$2,800,000

California

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MultiFamily7,502 SF
Sold 10/04/2019
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Property Image
SOLD

Michael Shanfeld's The Shanfeld Group Acquires Multifamily Property On N. Sycamore Ave For $2.8M

345 N Sycamore Ave, Los Angeles, CA, USA

See Similar Deals
MultiFamily7,502 SF
Sold 10/04/2019
the dealplayerscompscontact
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Summary

CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$373
Total Square Footage:7,502 SF
Transaction Type:Sale

Located in the Beverly Grove neighborhood, a multifamily property at 345 N. Sycamore Ave was recently sold for a total price of $2,800,000. The sale took place on 10/04/2019 and was an all-cash deal. The property spans across 7,502 square feet and has 9 units, resulting in a price per square foot of $373.23. The buyer in this transaction was Michael Shanfeld, representing The Shanfeld Group, while the seller was Norman Michaelson.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $2,800,000
  • Address: 345 N. Sycamore Ave
  • Market: Beverly Grove

Michael Shanfeld, from The Shanfeld Group, acted as the buyer representing his group in this transaction. On the other hand, Norman Michaelson was the seller involved in the deal.

Players

MS
Michael Shanfeld
3 deals$13M volume
BUYER

Details

SOLD
IMAGE: Michael Shanfeld @mikeyshanny DATE: 10/04/2019 ADDRESS: 345 N. Sycamore Ave MARKET: Beverly Grove ASSET TYPE: Multifamily PRICE: $2,800,000 BUYER: Michael Shanfeld - The Shanfeld Group SELLER: Norman Michaelson SF: 7,502 ~ PPSF: $373.23 UNITS: 9 PPU: $311,111 NOTES: All cash deal.

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