RCK Properties Acquires Palms Multifamily For $1.5M

The multifamily property located at 3517 S Sepulveda Blvd in Palms was recently sold for $1,500,000. The property spans a total of 4,378 square feet, resulting in a price per square foot of $342. This transaction involved the sale of five units, with a price per unit of $300,000. The sale took place on August 2, 2019.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $1,500,000
• Square Footage: 4,378
• Price per Square Foot: $342
• Number of Units: 5
• Price per Unit: $300,000
• Market: Palms

Warren Berzack of Leela North Ventura Brokers represented the seller, Jean M Bjorkman Rev. Trust, in this transaction. The buyer was RCK Properties. Warren Berzack served as the broker for the deal.