Shuan Hutton Acquires Multifamily Property At 6300 Orange Street From Jim Schley For $4.9M

The property sold is a multifamily asset located at 6300 Orange Street in the Los Angeles market. The sale occurred for a total price of $4,900,000, encompassing 18 units within a total square footage of 14,302, resulting in a price per unit of $272,222 and a price per square foot of $342.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $4,900,000
• Units: 18
• Square Footage: 14,302
• Price Per Unit: $272,222
• Price Per Square Foot: $342
• Buyer: Shuan Hutton
• Seller: Jim Schley
• Broker: Jordan Asheghian - Lyon Stahl Investment Real Estate
• Transaction Date: 5/30/2025
• Escrow Duration: 60 Days
• 1031 Exchange Buyer: Yes
• First Time Sold in Over: 47 Years

This transaction marks the 56th closing by The Jordan Group in the area, indicating a consistent involvement in the local multifamily market. The key representative for the buyer was Jordan Asheghian, who is also the President and Founder of The Jordan Group and serves as the 1st Vice President at Lyon Stahl.