Hakim Family Acquires West Hollywood Multifamily For $19.6M With Brokers Jordan Asheghian & Tony Azzi - Marcus & Millichap

The multifamily property located at 7224 Hillside Avenue in West Hollywood has been sold for a total price of $19,600,000. The property consists of 39 units, with each unit having a price per unit (PPU) of approximately $502,564. The total square footage of the property is 47,832, with a price per square foot (PPSF) of $410.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $19,600,000
• Units: 39
• PPU: $502,564
• Square Footage: 47,832
• PPSF: $410
• Address: 7224 Hillside Avenue
• Market: West Hollywood

The buyer of the property is the Hakim Family, while the seller is Welly Yang. The deal was facilitated by Jordan Asheghian and Tony Azzi from Marcus & Millichap. The transaction was successfully closed on November 16, 2022.