Rick Raymundo & Oscar Diaz Acquires Multifamily Property In East Hollywood For $3.46M

639 North Alexandria Ave, located in East Hollywood, was recently sold in a closed transaction. This multifamily property, spanning 8,468 square feet, consists of 9 units. The sale price for this asset was $3,460,000, resulting in a price per square foot of $408.60. The gross rent multiplier (GRM) for this transaction was 13.57.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $3,460,000
• Square Footage: 8,468
• Price per Square Foot: $408.60
• Number of Units: 9
• Price per Unit: $384,444
• Gross Rent Multiplier: 13.57

This transaction was facilitated by Rick Raymundo and Oscar Diaz from LAC Multifamily, who represented the parties involved in the deal.