Ni Andy Purchases Multifamily Asset On La Madera Avenue From Rosemary Lawdy For $3.7M

The property asset involved in this transaction is a multifamily unit located at 3512 La Madera Avenue in the El Monte market. The sale price was $3,700,000 for a total of 18 units, resulting in a price per unit of $205,555. The total square footage of the property is 18,192, which equates to a price per square foot of $203.

Summary of transation details:

• Property Type: Multifamily
• Transaction Amount: $3,700,000
• Units: 18
• Price Per Unit: $205,555
• Square Footage: 18,192
• Price Per Square Foot: $203
• Buyer: Ni Andy
• Seller: Rosemary Lawdy
• Broker: Nick Hayner - Maywood Property Group

The buyer, Ni Andy, made a non-contingent offer that was above the list price, which contributed to an expedited transaction process. Additionally, the buyer purchased 3043 Potrero Ave in conjunction with 3512-3522 La Madera Ave. Maywood Property Group represented both the buyer and seller in this transaction.