Morris Parisi Acquires Multifamily Property In Studio City From George Papadapoulos For $12M

The property asset involved in this transaction is a multifamily property located at 4184 Arch Drive in Studio City. It includes 36 units, with a total square footage of 30,364. The property was sold for a price of $12,000,000, resulting in a price per unit of $333,333 and a price per square foot of $395.

Summary of transation details:

• Property Type: Multifamily
• Transaction Amount: $12,000,000
• Units: 36
• Square Footage: 30,364
• Price Per Unit: $333,333
• Price Per Square Foot: $395
• Buyer: Morris Parisi
• Seller: George Papadapoulos
• Brokers: Michael Monempour - Lyon Stahl Investment Real Estate
• Brokers: David Saghian - Kidder Mathews

This transaction involved notable individuals within the real estate sector. Michael Monempour represented Lyon Stahl Investment Real Estate in the deal, while David Saghian acted on behalf of Kidder Mathews, showcasing their expertise in handling such transactions in the market.