Joe Chen Purchases Multifamily Asset In Whittier From Agnes Aceves For $4.8M

The property asset involved in this transaction is a multifamily building located at 6333 Milton Avenue in the Whittier market. The sale price for the asset was $4,800,000, with a total square footage of 18,700, which translates to a price per square foot of $256.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $4,800,000
• Address: 6333 Milton Avenue
• Market: Whittier
• Square Footage: 18,700
• Price Per Square Foot: $256
• Buyer: Joe Chen
• Seller: Agnes Aceves
• Buyer's Representative: Nick Hayner - Maywood Property Group

Nick Hayner from Maywood Property Group represented the buyer, Joe Chen, and successfully negotiated a $1,400,000 price reduction for the buyer during the transaction. This negotiation reflects the strategic efforts undertaken to optimize the final deal for the buyer.