Moses Salem Purchases Multifamily Property At 346 North Spaulding Avenue From Talia Solomon For $1.702M

The asset involved in this transaction is a multifamily property located at 346 North Spaulding Avenue in Los Angeles. It was sold for a price of $1,702,000, which reflects a price per unit of $425,500. The property has a total square footage of 5,662, resulting in a price per square foot of $300.

Summary of transation details:

• Property Type: Multifamily
• Transaction Amount: $1,702,000
• Units: 4
• Price Per Unit: $425,500
• Square Feet: 5,662
• Price Per Square Foot: $300
• Buyer: Moses Salem
• Seller: Talia Solomon
• Broker: Michael Kamara - The Kamara Multifamily Group

Michael Kamara represented the seller, Talia Solomon, in this transaction. The sale was noted for achieving one of the lowest cap rates for a multifamily property in the area over recent years, with a cap rate of 3.30% based on current income.