SOLD
Tommy Ly Acquires 34-Unit Multifamily In Echo Park For $14.6M
706 North Alvarado Street
MultiFamily
20,639 SF
20,639 SF
Sold 1 year ago
Summary
Sale
CALIFORNIA
MultiFamily
20,639 sqft
Located in Echo Park, the multifamily property at 706 N. Alvarado St. has changed hands in a recent transaction. The sale took place on January 19, 2022. Tommy Ly acquired the property from Gary Schaffel for a total sale price of $14,600,000. The property consists of 34 units, resulting in a price per unit of $429,411. With a total area of 20,639 square feet, the property sold at a price per square foot of $707.
Summary of Transaction Details
- Property Type: Multifamily
- Transaction Amount: $14,600,000
- Address: 706 N. Alvarado St.
- Market: Echo Park
The deal was facilitated by Compass, with Shaya Braverman, Dario Svidler, and Morgan McMullin representing the parties involved. These brokers played a crucial role in the successful completion of the transaction.
Players
All
5
Agents
3
Agencies
2
Details
SOLD
IMAGE: Morgan McMullin, Dario Svidler & Shaya Braverman
DATE: 01/19/2022
ADDRESS: 706 N. Alvarado St.
MARKET: Echo Park
ASSET TYPE: Multifamily
BUYER: Tommy Ly
SELLER: Gary Schaffel
BROKERS: Shaya Braverman (@ShayaBrave) Dario Svidler (@Dario1515) & Morgan McMullin (@MorgramMcMullin) - Compass (@Compass)
SALE PRICE: $14,600,000
UNITS: 34 ~ PPU: $429,411
SF: 20,639 ~ PPSF: $707View on map
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Address706 North Alvarado Street
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