The Goldfinger Group Acquires Multifamily Property In Los Angeles For $4M

The multifamily property located at 5111 Harold Way in Los Angeles, CA was recently sold for a price of $4,000,000. The property consists of 17 units with a price per unit of $235,294. The total square footage of the property is 11,490, resulting in a price per square foot of $348. The Gross Rent Multiplier (GRM) for the property is 12.5 and the Cap Rate is 5.09%.

Summary of transaction details

• Property Type: Multifamily
• Sale Price: $4,000,000
• Number of Units: 17
• Price Per Unit: $235,294
• Total Square Footage: 11,490
• Price Per Square Foot: $348
• Gross Rent Multiplier (GRM): 12.5
• Cap Rate: 5.09%

The buyer of the property is The Goldfinger Group, represented by Elijah Korobkin and Maxx Feldman. The seller of the property is Moshe Natan. The broker involved in the transaction is Nicole Apostolos from Equity Union.

It is worth noting that The Goldfinger Group is actively looking to acquire more properties in Hollywood and the surrounding neighborhoods. Potential deals can be submitted to Maxx ([email protected]) and Elijah ([email protected]).