Russell Jones Acquires Multifamily Property In Los Feliz For $10M

The multifamily property located at 5200 Franklin Ave in Los Feliz has been sold for $10,000,000. The sale was facilitated by broker Paul Darrow. The property consists of 18 units, with an average price per unit of $555,556. The total square footage of the property is 19,045, resulting in a price per square foot of $525.

Summary of transation details

• Property Type: Multifamily
• Transaction Amount: $10,000,000
• Address: 5200 Franklin Ave
• Market: Los Feliz
• Broker: Paul Darrow
• Seller: Champion Development - Parker Champion
• Buyer: Russell Jones
• Units: 18
• Price Per Unit: $555,556
• Square Footage: 19,045
• Price Per Square Foot: $525

Russell Jones is the buyer of the property, while Champion Development, represented by Parker Champion, acted as the seller. Paul Darrow, serving as the broker, facilitated the transaction.