Jaime Sanchez & Jorge Contreras Buy Multifamily Properties In Los Angeles For $4.165M

The multifamily properties located at 5742 & 5736 Virginia Avenue in the Los Angeles market were sold for $4,165,000. The assets consist of 20 units, with a price per unit of $208,250. The total square footage of the properties is 13,157, resulting in a price per square foot of $317.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $4,165,000
• Address: 5742 & 5736 Virginia Avenue
• Buyer: Jaime Sanchez & Jorge Contreras
• Seller: Joseph Lazovsky
• Brokers: Stephen F. Watson, Michael Fukushima & Yitzy Davis - Keller Williams Realty Los Angeles
• Units: 20
• Price per Unit: $208,250
• Square Footage: 13,157
• Price per Square Foot: $317

The transaction was facilitated by the brokers Stephen F. Watson, Michael Fukushima, and Yitzy Davis, who represented the buyers. It is noted that Total Realty Group sold these properties off market to their Preferred Private Client, Elite Equity Group, and arranged seller financing on this transaction.