Avi Razmer Acquires Multifamily Property For $17.1M In Hollywood

Located in Hollywood, the multifamily property at 6700 Franklin Place has been sold in a recent transaction. The sale, which took place on February 15, 2022, involved a total of 42 units within the building. The property spans across 40,876 square feet and has a sale price of $17,072,000. The price per unit for this transaction stands at $406,476, while the price per square foot is estimated to be $417.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $17,072,000
• Units: 42
• Price per Unit: $406,476
• Square Footage: 40,876
• Price per Square Foot: $417
• Address: 6700 Franklin Place
• Market: Hollywood

The buyer of the property is Avi Razmer, while Mike Soliman acted as the seller in this transaction. The deal was facilitated by Michael Sterman from Marcus & Millichap, representing both the buyer and the seller.