A 12-unit multifamily property at 3655 Motor Avenue in Los Angeles was sold for $4.78M, equating to $398K per unit. The building, constructed in 2006, encompasses a total square footage of 10,050 and achieved a price per square foot of $476. The property features townhouse-style units and includes gated parking as well as rooftop decks.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $4,780,000
• Units: 12
• Price Per Unit: $398,333
• Square Feet: 10,050
• Price Per Square Foot: $476
• CAP Rate: 4.90%
• Broker: Matthew Lee - Lilly Enterprises Inc

This transaction was brokered by Matthew Lee, who represents Lilly Enterprises, Inc. The successful close of this deal highlights the active multifamily market in Los Angeles.