Acquires Multifamily Property At Street, Los Angeles For $2.1M

Located at Street in South Central, Los Angeles, CA, this multifamily property was recently sold in a closed transaction. The property spans a total of 4,992 square feet and consists of 10 units. The sale price for this asset was $2,100,000, resulting in a per unit price of $210,000. The price per square foot was calculated at $421. It is worth noting that this property was part of a portfolio sale but was sold separately from the rest.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $2,100,000
• Units: 10
• Price Per Unit: $210,000
• Square Footage: 4,992
• Price Per Square Foot: $421

In this transaction, the buyer was , while the seller was John Purcell. Eric Dilanian from RE/MAX Commercial & Investment Realty represented the buyer, and Andrew Malekie and Coby Chatwin from Link Brokerages represented the seller.