Jae Hoon Chong Acquires Multifamily Property In Los Angeles For $1.7M

A multifamily property located at 428 North Genesee Avenue in Los Angeles has been sold for a price of $1,725,000. The property consists of 4 units, with a price per unit of $431,250. It spans a total area of 4,113 square feet, resulting in a price per square foot of $419.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $1,725,000
• Units: 4
• Price per Unit: $431,250
• Square Footage: 4,113
• Price per Square Foot: $419

The buyer of the property is Jae Hoon Chong, while the seller is Tobi Taubman. The transaction was facilitated by Sam Liberow and Matt Ziegler from Marcus & Millichap.