Tzvi Ferszt Acquires Multifamily Property From Dr. Fred D. Parrott Trust For $5.2M

The property involved in this transaction is a multifamily asset located at 4073 West Boulevard and 4119 Santo Tomas Drive in the Los Angeles market. It features 36 units across a total of 35,522 square feet, with a price per unit of $144,444 and a price per square foot of $146. The overall sale price for the transaction was $5,200,000.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $5,200,000
• Units: 36
• Square Footage: 35,522
• Price Per Unit: $144,444
• Price Per Square Foot: $146
• Buyer: Tzvi Ferszt
• Seller: Dr. Fred D. Parrott - The Fred D. Parrott Living Trust
• Broker: Matt Ziegler - Marcus & Millichap

The transaction featured Tzvi Ferszt as the buyer and Dr. Fred D. Parrott, representing The Fred D. Parrott Living Trust, as the seller. The brokerage for the transaction was provided by Matt Ziegler from Marcus & Millichap, highlighting the collaboration between the parties involved in finalizing the sale.