Brian Evans And Alex Menache Acquire Multifamily Asset On Fernwood Avenue For $6.56M

The property asset involved in the transaction is a multifamily unit located at 5405 Fernwood Avenue in the Los Angeles market. The sale price was $6,555,175, featuring 28 units and encompassing a total area of 24,088 square feet, resulting in a price per unit of $234,113 and a price per square foot of $272.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $6,555,175
• Units: 28
• Square Footage: 24,088
• Price Per Unit: $234,113
• Price Per Square Foot: $272
• Buyer: Brian Evans & Alex Menache
• Seller: James McKenna
• Broker: Daniel Withers - Matthews Real Estate Investment Services
• Date of Sale: 4/28/2025

The deal was facilitated by broker Daniel Withers, representing Matthews Real Estate Investment Services, who played a pivotal role in the transaction between the buyer and seller, ensuring a smooth process throughout the sale.