Austin Nissly And Matt Carney Acquire Multifamily Property In Hollywood For $3.95 Million

The property involved in this transaction is a multifamily asset located at 5757 La Mirada Avenue in Hollywood. The sale price was $3,950,000, encompassing 20 units and providing a price per unit of $197,500. The total square footage of the property is 14,298, which results in a price per square foot of $276.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $3,950,000
• Units: 20
• Price Per Unit: $197,500
• Square Footage: 14,298
• Price Per Square Foot: $276
• Buyer: Austin Nissly & Matt Carney
• Seller: Ariel Chazanas
• Broker: Sam Liberow - The Liberow Group - Marcus & Millichap Encino

This transaction marks the 24th acquisition in the Greater LA area for the buyers, Austin Nissly and Matt Carney, indicating a continued investment strategy focused in this market.