David Greenhut Sells Multifamily Portfolio In Los Angeles To Local Private Investor For $14.8M

A multifamily portfolio consisting of three properties located at 409 South Manhattan Place, 411 South Alexandria Avenue, and 425 South Alexandria Avenue in Los Angeles was sold. The transaction involved 83 units for a total price of $14,800,000, resulting in a price per unit of $178,313.

Summary of transation details:

• Property Type: Multifamily
• Transaction Amount: $14,800,000
• Units: 83
• Price per Unit: $178,313
• Seller: David Greenhut
• Market: Los Angeles

The sale was brokered by NorthMarq, with brokers Brent Sprenkle, Alex Peterson, Parker Boehle, Mike Hanassab, and Elliot Hassan representing the seller. The portfolio was closed simultaneously after the properties were marketed separately to a local private investor buyer.