Aron Kelman Purchases Multifamily Property From Kevin DeMeritt In Hollywood For $1.525M

The property involved in the transaction is located at 5833 Gregory Avenue in the Hollywood market. The asset type is multifamily, consisting of 10 units and a total square footage of 6,574. The sale price was $1,525,000, which translates to a price per unit of $152,500 and a price per square foot of $231.

Summary of transation details:

• Property Type: Multifamily
• Transaction Amount: $1,525,000
• Units: 10
• Square Footage: 6,574
• Price Per Unit: $152,500
• Price Per Square Foot: $231
• Buyer: Aron Kelman
• Seller: Kevin DeMeritt
• Brokers: Chandler Rockwell & Adam Estrin - The Rockwell Group & Fred Leeds Asset Group

The brokers, Chandler Rockwell and Adam Estrin, represented the interests of the seller in this transaction. They assisted the property owner, who initially approached them with an interest in selling. After evaluating the property, they advised on strategies to enhance its profitability, resulting in a significant increase in monthly income, demonstrating their commitment to their client's best interests.