Evan Monroe Brokers $4.5M Sale Of 21-Unit Highland Park Multifamily

The 21-unit apartment complex located at 6817 North Figueroa Street in Los Angeles's Highland Park neighborhood was sold for $4.5 million. The property, built in the 1950s, offers a mix of 1- and 2-bedroom units spanning 16,388 square feet. The price per unit was $214,286, and the price per square foot was $275.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $4,500,000
• Units: 21
• Square Footage: 16,388
• Price per Unit: $214,286
• Price per Square Foot: $275
• Address: 6817 North Figueroa Street, Los Angeles
• Market: Los Angeles

Evan Monroe of Growth Investment Group served as the broker for the transaction. The property presents a significant value-add opportunity through renovation and is strategically located near transit and freeway access.