Crystal Hayes & Holland Ashrafnia Of Christie's International Real Estate Sell Multifamily Property In Los Angeles For $2.5M

A 6-plex located at 3648 Percy Street in Los Angeles has been sold for $2,500,000. This multifamily property encompasses 6,444 square feet and features 6 units, equating to a price per unit of $416,667 and a price per square foot of $388. The property was constructed in 2017 and is fully occupied, showcasing desirable features such as private balconies and gated parking, along with its advantageous proximity to Downtown LA.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $2,500,000
• Units: 6
• Square Footage: 6,444 SF
• Price Per Unit: $416,667
• Price Per Square Foot: $388
• Buyer’s Representative: Ningning Fan - Pinnacle Real Estate Group
• Seller’s Representatives: Crystal Hayes & Holland Ashrafnia - Christie's International Real Estate
• Market: Los Angeles
• Cap Rate: 6.9% with potential to reach 8.1% after building two additional ADUs

The deal involved Ningning Fan representing the buyer through Pinnacle Real Estate Group, while Crystal Hayes and Holland Ashrafnia represented the seller through Christie's International Real Estate. The transaction highlights the involvement of leading real estate professionals in facilitating the sale of this property.