Prana Investments Sells 20-Unit Multifamily Building In Los Angeles For $2.82M

A multifamily apartment building located at 5737 Lexington Avenue in Los Angeles has been sold for $2,820,000. This property consists of 20 units, with a price per unit of $141,000. The total square footage of the building is 10,292, resulting in a price per square foot of $273.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $2,820,000
• Units: 20
• Price Per Unit: $141,000
• Square Feet: 10,292
• Price Per Square Foot: $273
• Seller: Prana Investments
• Broker: Neema Ahadian - Marcus & Millichap
• Date of Sale: 11/17/2025
• Market: Los Angeles

The Neema Group of Marcus & Millichap represented both the buyer and seller in this transaction. Throughout the marketing process, eight offers were generated, attracting local active buyers interested in in-place yield and potential upside opportunities. The deal achieved over $140,000 per unit for a 1920's building consisting solely of studios.