Covenant House Acquires 12-Unit Multifamily In Los Angeles From Rabbanian Family For $2.94M

Located at 4442 West Pico Boulevard in Los Angeles, this multi-family property was recently sold in a transaction. The property consists of 12 units with a total square footage of 3,156. The sale price for this asset was $2,940,000, which translates to a price per unit of $245,000 and a price per square foot of $932.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $2,940,000
• Units: 12
• Price per Unit: $245,000
• Square Footage: 3,156
• Price per Square Foot: $932

Covenant House, a non-profit organization, acted as the buyer in this transaction. They purchased the property to provide housing for children who have aged out of foster care. The seller of this property was the Rabbanian Family. The deal was facilitated by Dario Svidler of Partners CRE, representing the buyer.