David Lai Acquires Hollywood Multifamily For $1.965M

A multifamily property located at 7011 Fountain Ave. in Hollywood has recently been sold for $1,965,000. The property consists of 6 units with a total square footage of 3,319. The sale price per unit is $327,500, and the price per square foot is $592.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $1,965,000
• Units: 6 ~ PPU: $327,500
• SF: 3,319 ~ PPSF: $592
• Address: 7011 Fountain Ave.
• Market: Hollywood

The buyer of the property is David Lai, while the seller is Russel Allyn. The sale was facilitated by Zac Freehling, Jason Shenitzer, and Tyler Farrar from Pacific Partners Los Angeles, and Victor Fonseca from Keller Williams Realty also played a role in the transaction.