DMS Equities Acquires 39-Unit Multifamily Property In Los Angeles For $4.995M

The multi-family property located at 624 South Berendo Street in Los Angeles has been sold. The property consists of 39 units with a price per unit of $128,077. The total square footage of the property is 32,402, with a price per square foot of $154. The sale price for the property was $4,995,000.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $4,995,000
• Units: 39
• Price per Unit: $128,077
• Square Footage: 32,402
• Price per Square Foot: $154
• Address: 624 South Berendo Street, Los Angeles

The buyer of the property was DMS Equities, represented by Matthew Soufer. The broker involved in the deal was Sean Rosenzweig from Marcus & Millichap.