Michael Sterman & Jeff Louks Brokered $17.9M Sale Of Miracle Mile Multifamily | 649 South Ridgeley Drive | Jeff Louks, Michael Sterman | MultiFamily | Sale

Summary

Sale

CALIFORNIA

MultiFamily

38,519 sqft

A multifamily property located at 649 S Ridgeley Drive in Miracle Mile has been sold for $17,875,000. The property spans 38,519 square feet and consists of 35 units, with each unit priced at $510,714. The price per square foot for the property is $464.06.

Summary of transaction details:

Property Type: Multifamily
Transaction Amount: $17,875,000
Address: 649 S Ridgeley Drive
Market: Miracle Mile

The transaction was facilitated by brokers Michael Sterman and Jeff Louks. Michael Sterman and Jeff Louks represented the parties involved in the deal.

Players

All
3

Agents
2
Agencies
1

Jeff Louks

Executive Vice President

$279.4M Sold

Michael Sterman

Vice President Investments

$271M Sold

Marcus & Millichap

Details

Deal Summary

SOLD

IMAGE: Michael Sterman @mikeylikezit & Jeff Louks DATE: 02/06/2020 ADDRESS: 649 S Ridgeley Drive MARKET: Miracle Mile ASSET TYPE: Multifamily PRICE: $17,875,000 SF: 38,519 PPSF: $464.06.06 UNITS: 35 PPU: $510,714 BROKERS: Michael Sterman, Jeff Louks

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Address649 South Ridgeley Drive

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