Clement Capital Acquires Multifamily Property In East Hollywood For $2.15M

A multifamily property located at 4589 Lexington Avenue in East Hollywood has been sold. The transaction took place on January 27, 2021. The property consists of 11 units and spans 6,456 square feet. The sale price for this property was $2,150,000, resulting in a price per unit of $195,455 and a price per square foot of $333. The buyer for this transaction was Clement Capital, represented by Kip Kolodziejski. The seller was DeCastro Family Trust. The brokers involved in this deal were Brian Rivera and Morgan Mcmullin, who represented Clement Capital.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $2,150,000
• Address: 4589 Lexington Avenue
• Market: East Hollywood
• Units: 11
• Price per Unit: $195,455
• Square Feet: 6,456
• Price per Square Foot: $333

Clement Capital, led by Kip Kolodziejski, acquired the multifamily property located at 4589 Lexington Avenue in East Hollywood. The sale was facilitated by brokers Brian Rivera and Morgan Mcmullin, who represented Clement Capital. The seller in this transaction was DeCastro Family Trust. The property offers 11 units and spans 6,456 square feet at a price per unit of $195,455. This transaction highlights the growing activity in the East Hollywood market and the strong demand for multifamily properties in the area.