CBRE Acquires MultiFamily Property In Los Angeles For $7.88M

A multi-family property located at 5455 Inglewood Boulevard in Los Angeles has been sold for a price of $7,880,000. The property consists of 13 units with an average price per unit of $606,154. It spans across a total square footage of 14,954, resulting in a price per square foot of $527.

Summary of transaction details

• Property Type: MultiFamily
• Transaction Amount: $7,880,000
• Units: 13
• Price per Unit: $606,154
• Square Footage: 14,954
• Price per Square Foot: $527
• Address: 5455 Inglewood Boulevard, Los Angeles

The buyer's representative in this transaction was Eric Chen from CBRE, while the seller's representatives were John Swartz and Scott Syme Jr. from True North CRE - Compass. They facilitated the successful sale of this multi-family property.