Ralph Norton Of Rodeo Realty Represents Buyer In $4.3M Multifamily Sale In Los Angeles

A fully leased 5-unit multifamily property at 6006 Comey Avenue in Culver City's Arts District sold for $4.3 million. The sale reflects a price of $860,000 per unit and $507 per square foot, encompassing a total square footage of 8,488. The property features upscale townhome-style units with rooftop decks and high-end finishes, rented at rates ranging from $3,000 to $6,495, catering to buyers interested in 1031 exchanges.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $4,300,000
• Units: 5
• Price per Unit: $860,000
• Square Footage: 8,488
• Price per Square Foot: $507
• Buyer’s Representative: Ralph Norton - Rodeo Realty
• Seller’s Representatives: Elizabeth Maddox - The 2-4 Unit Specialists; Isaac Davidi - Davidi Investment Group

This transaction involved Ralph Norton representing the buyer, while Elizabeth Maddox and Isaac Davidi represented the seller. Their expertise in the multifamily market played a key role in facilitating the deal in the competitive Los Angeles market.