Noam Srol Of Stock&Srol Capital Acquires Multifamily Asset From Gary Duboff In Culver City For $2.605M

The property asset involved in this transaction is a multifamily building located at 3826 Prospect Avenue in Culver City. The sale price for the asset was $2,605,000, encompassing a total of 7 units. The building offers a square footage of 6,749, resulting in a price per unit of $372,142 and a price per square foot of $385.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $2,605,000
• Units: 7
• Square Footage: 6,749
• Price Per Unit: $372,142
• Price Per Square Foot: $385
• Buyer: Noam Srol - Stock&Srol Capital
• Seller: Gary Duboff
• Buyer's Representative: Benj Lester - Kape Property Management

The deal was represented by Benj Lester from Kape Property Management, who provided insights on the acquisition by Stock&Srol Capital. The company is actively targeting value-add apartments not only in the South Bay and Orange County but also in non-city of Los Angeles jurisdictions, positioning themselves for continued growth in the rental market.