Clement Lee & Jinyu Lu Acquire Multifamily In El Sereno For $1.385M

The multifamily property located at 3751 Locke Ave. in El Sereno has been sold for a price of $1,385,000. The property consists of four units, with an average price per unit of $346,250. The total square footage of the property is 3,712, resulting in a price per square foot of $373. The transaction took place on September 3, 2021, and Dana Coronado from KW Commercial served as the broker for the seller, Joyce Yeung. The buyer of the property is Clement Lee and Jinyu Lu.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $1,385,000
• Units: 4
• Price per Unit: $346,250
• Square Footage: 3,712
• Price per Square Foot: $373

Dana Coronado, representing KW Commercial, successfully generated multiple offers for this unique 4-unit property in prime El Sereno. The buyer, Clement Lee and Jinyu Lu, offered $10,000 over the asking price and closed the escrow with no physical inspection contingency. Notably, the front house and one rear remodeled unit were delivered vacant. For those interested in buying properties in El Sereno, Highland Park, Lincoln Heights, or any of the Northeast LA neighborhoods, Dana Coronado specializes in these areas and can be contacted at 310-562-9630 or [email protected]. More information can also be found at www.IncomePropertiesLA.com.