12-Unit MultiFamily Property In Los Angeles Sold For $4.72M

4115 Normal Avenue, a 12-unit apartment building located in Silver Lake, Los Angeles, was sold for $4,720,000. The property offers a value-add opportunity in an excellent rental submarket not subject to City of Los Angeles Rent Control. Featuring renovated units and potential rental upside in trendy Silver Lake, this multifamily asset spans 13,956 square feet with a price per square foot of $338.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $4,720,000
• Units: 12
• Price Per Unit: $393,333
• Square Footage: 13,956
• Market: Los Angeles
• Seller: Michael Maltzman
• Buyer's Rep: Renee Meyer - Compass
• Seller's Rep: Jeffrey Louks & Matt Ziegler - Marcus & Millichap

Renee Meyer of Compass facilitated the acquisition of 4115 Normal Avenue, acting as the buyer's representative. On the seller's side, Jeffrey Louks & Matt Ziegler of Marcus & Millichap were the key figures responsible for representing the property in this transaction.