Casa La Salle LLC Acquires Multifamily Property In South Los Angeles For $1.4M

Casa La Salle LLC, represented by Andrew Weiss and Bryson Youtkstetter, purchased a multifamily property in South Los Angeles. The property is located at 3978 La Salle Ave and was sold by JBAK Investments LLC, represented by Joshua Bird and Adam Katz.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $1,408,000
• Square Footage: 4,780
• Price per Square Foot: $294.56
• CAP Rate: 5.27%
• GRM: 13.28

Saravita Properties, Inc., represented by broker Sasha Rahban, facilitated the transaction. The property was originally purchased by the seller in April 2016 for $875,000. Since July 2017, Saravita Properties, Inc. has managed the property and assisted the seller in improving the quality of tenants, updating the exterior facade, vacant units, and landscaping. The property attracted buyer interest quickly, entering escrow only 7 days after being listed.