The property involved in this transaction is a multifamily asset located at 5630 Fair Avenue in North Hollywood. Sold for a price of $7,625,000, the building encompasses 28,381 square feet and contains 15 units, resulting in a price per unit of $508,333 and a price per square foot of $268. Built in 2018, the asset is notable for being free from rent control, which is significant in the current market.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $7,625,000
• Address: 5630 Fair Avenue
• Market: North Hollywood
• Units: 15
• Price Per Unit: $508,333
• Square Footage: 28,381
• Price Per Square Foot: $268
• Buyer: Peter Shieh
• Seller: Lior Mandelbaum
• Brokers: Filip Niculete & Glen Scher - LAAA Team - Marcus & Millichap
• Notable Transaction: Highest price per unit in 2+ years
• Note: 15 Units in North Hollywood

The key individuals involved in this transaction include the buyer, Peter Shieh, and the seller, Lior Mandelbaum. The brokers representing the transaction are Filip Niculete and Glen Scher from the LAAA Team at Marcus & Millichap, who facilitated the deal and ensured all formalities were managed effectively throughout the process.