Art Ishal Purchases Multifamily Asset From John Carter For $2 Million In Los Angeles

This multifamily property located at 3655 Cardiff Avenue in Los Angeles has a sale price of $2,000,000. The asset consists of 8 units, covering a total area of 5,388 square feet, leading to a price per unit of $250,000 and a price per square foot of $371.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $2,000,000
• Units: 8
• Square Footage: 5,388
• Price Per Unit: $250,000
• Price Per Square Foot: $371
• Buyer: Art Ishal
• Seller: John Carter
• Buyer's Representative: Yigal Fatirian - Lyon Stahl Investment Real Estate
• Seller's Representative: Michael Monempour - Lyon Stahl Investment Real Estate

This off-market transaction was executed with a 14-day all-cash close, acting as the up-leg for the buyer's 1031 Exchange. Both buyer and seller were represented exclusively by Yigal Fatirian and Michael Monempour, showcasing their capability to connect motivated sellers with qualified exchange buyers.