Demis Dokhanian Of JNM Realty Facilitates $1.8M Multifamily Sale In Los Angeles

The multifamily property located at 5731 Carlton Way in Los Angeles was sold for $1,818,000. This property consists of 10 units with a total square footage of 3,458, resulting in a price per unit of $181,800 and a price per square foot of $526.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $1,818,000
• Units: 10
• Square Footage: 3,458
• Price Per Unit: $181,800
• Price Per Square Foot: $526
• Address: 5731 Carlton Way, Los Angeles
• Market: Los Angeles

JNM Realty, Inc., represented both the buyer and seller in this off-market, all-cash transaction. The property was delivered with 1 unit vacant at the time of closing, offering significant upside potential in terms of current rents. Moreover, there is a possibility for development on the R4-2 zoned lot, presenting further opportunities for the new owner.