Charles Chung Acquires Multifamily Property At 5700 South Van Ness Avenue For $1 Million

5700 South Van Ness Avenue is a multifamily asset located in the Los Angeles market. The property encompasses 2,478 square feet and comprises 5 units, achieving a price point of $1,000,000, which translates to $200,000 per unit and $403 per square foot.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $1,000,000
• Units: 5
• Square Footage: 2,478
• Price Per Unit: $200,000
• Price Per Square Foot: $403
• Cap Rate: 7.24%
• Buyer: Charles Chung
• Seller: SoLa Impact
• Brokers: William James, Peter James, Aaron Jacobson & Taylor Avakian - Lyon Stahl Investment Real Estate

Lyon Stahl Investment Real Estate facilitated the sale of 5700 South Van Ness Avenue, which is part of an 8 Property Portfolio. Other properties within the portfolio remain available for potential buyers.