Gus Torres Acquires 3555 Siskiyou Street Multifamily Property From Matt Dameron For $1.1M

The property at 3555 Siskiyou Street is a seven-unit multifamily asset located in the Los Angeles market. It features two newly constructed ADUs that were completed in 2023. The sale price for this property was $1,100,000, with a price per unit of $157,142. The total square footage of the property is 5,302, yielding a price per square foot of $207. The transaction was conducted off market as an REO transaction.

Summary of transation details:

• Property Type: Multifamily
• Transaction Amount: $1,100,000
• Units: 7
• Price Per Unit: $157,142
• Square Footage: 5,302
• Price Per Square Foot: $207
• Buyer: Gus Torres
• Seller: Matt Dameron
• Buyer's Representative: Kian Maronde & Jason Tuvia - Marcus & Millichap
• Seller's Representative: Glen Scher & Filip Niculete - The LAAA Team - Marcus & Millichap

The deal involved the LAAA Team and Tuvia Group of Marcus & Millichap, who facilitated the transaction, representing both the buyer and seller. The completion of this sale showcased their expertise in handling off market REO transactions, providing a unique investment opportunity for the buyer.