Jian Torkan Acquires 36-Unit Multifamily Property In Los Angeles From John Safi For $17.23M

The multifamily property located at 350 S. Reno St. in Los Angeles has been sold for a total of $17,230,000. The transaction was completed on 08/01/2022, with a buyer named Jian Torkan and a seller named John Safi. The property consists of 36 units, with an average price per unit of $478,611. The total square footage of the property is 38,612, with a price per square foot of $446.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $17,230,000
• Units: 36
• Price per Unit: $478,611
• Square Footage: 38,612
• Price per Square Foot: $446
• Market: Los Angeles
• Buyer: Jian Torkan
• Seller: John Safi
• Brokers: Janet Neman & Angelica Gotzev @NemanGroup - Kidder Matthews

Janet Neman and Angelica Gotzev from NemanGroup - Kidder Matthews served as the brokers for this transaction.