Elliot Shiu Purchases Multifamily Property In Los Angeles From Mike Moradzadeh For $1.18M

This multifamily property is located at 423 East 82nd Street in the Los Angeles market. The sale price of the asset was $1,180,000, consisting of 4 units. The total square footage of the property is 3,031 square feet, resulting in a price per unit of $295,000 and a price per square foot of $389.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $1,180,000
• Units: 4
• Total Square Footage: 3,031
• Price Per Unit: $295,000
• Price Per Square Foot: $389
• Buyer: Elliot Shiu
• Seller: Mike Moradzadeh
• Broker Representatives: Aaron Jacobson & Brandon Maghen - Lyon Stahl Investment Real Estate
• Date of Transaction: 5/20/2025

Aaron Jacobson and Brandon Maghen co-listed this property, generating multiple competitive offers and securing a sale $30,000 above the asking price within just 7 days on the market. Their strategic marketing approach and proactive outreach contributed significantly to the strong demand for this transaction.