Sitco Properties Purchases Multifamily Asset From Julia Wong In Los Angeles For $3.65M

The property asset involved in the transaction is a multifamily building located at 4024 Nicolet Avenue in the Los Angeles market. The sale price was $3,650,000 for 20 units, which equates to a price per unit of $182,500. The total square footage of the property is 17,034, leading to a price per square foot of $214.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $3,650,000
• Units: 20
• Price Per Unit: $182,500
• Square Feet: 17,034
• Price Per Square Foot: $214
• Buyer: Sitco Properties
• Seller: Julia Wong
• Broker Representatives: Josh Zimmerman & Sean Rosenzweig - Marcus & Millichap
• Date of Transaction: 12/06/2024

The key individuals involved in this deal include the buyer, Sitco Properties, and the seller, Julia Wong. The transaction was facilitated by brokers Josh Zimmerman and Sean Rosenzweig from Marcus & Millichap, who represented the seller in the deal.