Oron Maher & Nicole Lu Of Maher Commercial Realty Facilitate $1.16M Multifamily Property Sale In Los Angeles

An empty five-unit apartment building one block from Exposition Park in Los Angeles has been sold for $1,162,500. The multifamily property spans 2,200 square feet and is located at 552 West 40th Place. The price per unit stands at $232,500, with a price per square foot of $528.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $1,162,500
• Units: 5
• Square Footage: 2,200
• Price per Unit: $232,500
• Price per Square Foot: $528
• Address: 552 West 40th Place, Los Angeles
• Market: Los Angeles

Oron Maher and Nicole Lu from Maher Commercial Realty facilitated the sale of the building. This vacant property, with 7 parking spaces, is advantageously positioned just a block south of BMO Stadium and a mile away from USC. With the potential to develop small lot homes or leverage affordable city and state laws for additional construction, the property offers a promising investment opportunity.