Jerry Wise Purchases Multifamily Property On Jasmine Avenue From Angelina Rose For $3M

The multifamily asset located at 3741 Jasmine Avenue in the Los Angeles market has been sold for $3,000,000. The property consists of 14 units, covering a total square footage of 9,169. The price per unit is $214,286, and the price per square foot stands at $327.19. The transaction was marked by an all cash payment and concluded with a 21-day close of escrow.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $3,000,000
• Buyer: Jerry Wise
• Seller: Angelina Rose
• Buyer's Representative: Chase Simonton & Robert Carlile - Re/Max
• Units: 14
• Total Square Footage: 9,169
• Price Per Unit: $214,286
• Price Per Square Foot: $327.19
• Note from Buyer's Rep: Smooth Transaction with No Closing Delays.
• Ownership Duration: Sold By Original Owner - Same Ownership for Over 70 Years!
• Property Condition: Heavy Deferred Maintenance - All Units Original Condition with No Major Upgrades.

Chase Simonton and Robert Carlile represented the buyer, Jerry Wise, in this real estate transaction, ensuring a seamless process. The seller, Angelina Rose, transferred the property without any complications, reflecting effective negotiation and management throughout the deal.