Stephen Reid Purchases Multifamily Property At 451 West 118th Place For $565,000

The asset involved in this transaction is a multifamily property located at 451 West 118th Place in the Los Angeles market. It consists of 3 units and encompasses a total square footage of 1,610. The sale price of the property was $565,000, resulting in a price per unit of $188,333 and a price per square foot of $350.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $565,000
• Units: 3
• Square Footage: 1,610
• Price Per Unit: $188,333
• Price Per Square Foot: $350
• Buyer: Stephen Reid
• Seller: Rigo Bonilla
• Buyer's Representative: Gabriela Lambert - Innovative Property Strategies
• Seller's Representatives: Jake Glaser & Ryan Haggerty - Lyon Stahl Investment Real Estate

The deal featured Stephen Reid as the buyer and Rigo Bonilla as the seller of the property. The transaction was facilitated by Gabriela Lambert representing the buyer, while the seller was represented by Jake Glaser and Ryan Haggerty, both from Lyon Stahl Investment Real Estate.