David Reiman Acquires Multifamily Property From Prana Investments For $2.82M In Los Angeles

The property involved in this transaction is a multifamily asset located at 5737 Lexington Avenue in Los Angeles. The sale was finalized for $2,820,000, encompassing 20 units within a total square footage of 10,292, resulting in a price per unit of $141,000 and a price per square foot of $273.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $2,820,000
• Units: 20
• Square Footage: 10,292
• Price Per Unit: $141,000
• Price Per Square Foot: $273
• Buyer: David Reiman
• Seller: Prana Investments
• Brokers: Jeffrey Estrada & Neema Ahadian - Marcus & Millichap

Key individuals involved in this deal include the buyer David Reiman and the seller Prana Investments, with the brokerage representation provided by Jeffrey Estrada and Neema Ahadian from Marcus & Millichap, handling the transaction on behalf of the seller.