David Harris Sells Los Angeles Multifamily Property For $2.2M With Broker Yohann Bensimon

This multifamily asset located at 5537 Lexington Ave in the Los Angeles market has recently been sold for $2,200,000. The property comprises 8 units, offering a price per unit of $275,000. It encompasses a total square footage of 6,800, which translates to a price per square foot of $323.53. The deal reflects a capitalization rate of 5.14% and a gross rent multiplier of 12.64.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $2,200,000
• Units: 8
• Square Footage: 6,800
• Price Per Unit: $275,000
• Price Per Square Foot: $323.53
• Capitalization Rate: 5.14%
• Gross Rent Multiplier: 12.64
• Seller: David Harris
• Brokers: Yohann Bensimon - Ikon Capital Advisors

In this transaction, Yohann Bensimon represented the seller, facilitating the deal through Ikon Capital Advisors. The transaction was completed on August 28, 2020, marking a significant event in the local real estate market.