Victor Hairapetian ESQ Acquires Multifamily Property In Montrose For $1.685M Represented By LAAA Team

The property asset involved in the transaction is located at 4123 Ocean View Boulevard, in the Montrose market. It is a multifamily asset with a sale price of $1,685,000 and encompasses a total square footage of 3,988. The asset boasts a capitalization rate of 4.94% and a gross rent multiplier of 12.38. The price per square foot is $422.52, while the price per unit stands at $280,883.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $1,685,000
• Address: 4123 Ocean View Boulevard
• Market: Montrose
• Sale Price: $1,685,000
• Square Footage: 3,988
• Cap Rate: 4.94%
• Gross Rent Multiplier: 12.38
• Price per Square Foot: $422.52
• Price per Unit: $280,883
• Buyer: Victor Hairapetian, ESQ.
• Seller: Mahdi Aluzri
• Broker Representatives: Morgan Wetmore, Filip Niculete & Glen Scher - The LAAA Team - Marcus & Millichap

The LAAA Team represented both the buyer and the seller in this transaction, effectively navigating tough Los Angeles rent regulations and managing a complex 1031 exchange. This transaction marks another achievement for the LAAA Team, which has closed over 458 transactions, further demonstrating its commitment to successful outcomes in the Los Angeles multifamily market.