Michael Maltzman Purchases Multifamily Asset On South Sepulveda Boulevard For $4.93M

The asset involved in the transaction is a multifamily property located at 420 South Sepulveda Boulevard in Los Angeles. It was sold for a total of $4,925,000. The property consists of 24 units, encompassing a total square footage of 14,741, which results in a per-unit price of $205,208 and a price per square foot of $334.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $4,925,000
• Units: 24
• Square Footage: 14,741
• Price Per Unit: $205,208
• Price Per Square Foot: $334

The buyer of the property is Michael Maltzman, represented by Matt Ziegler from Marcus & Millichap. The transaction details reflect a successful closing and underline the active multifamily market in Los Angeles.