Michael Kim Acquires 6-Building Multifamily Portfolio In Los Angeles For $40.75M

Located in Los Angeles, the property asset involved in this transaction is a portfolio of 6 buildings. The multifamily asset consists of 5 properties with a total of 213 units and an additional office building. The portfolio is situated at 4310 Russell Avenue, 2795 8th Street, 1100 S. Beverly Drive, 2816 San Marino Street, and 668 S. Rampart Blvd, with a total square footage of 156,000.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $40,750,000
• Units: 213
• Price Per Unit: $191,315
• Price Per Square Foot: $261
• Market: Los Angeles

Sean Nami and Neema Ahadian from Marcus & Millichap, known as TheNeemaGroup, were the seller's representatives in this transaction. They exclusively listed and closed the deal for the portfolio comprising multiple multifamily properties and one office building. The buyer, Michael Kim, purchased the portfolio with a total of 6 different buyers involved in the acquisition.