Jon Tran of Partners CRE Represents Buyer in $3.83M Multifamily Sale in Los Angeles

A multifamily property located at 724 North Kingsley Drive in the Los Angeles market has been sold for $3,832,000. This newly built six-unit building spans 9,249 square feet, equating to a price per unit of $638,667 and a price per square foot of $414. The property is projected to generate $332,400 in annual rent at a 6.07% pro forma cap rate.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $3,832,000
• Units: 6
• Square Footage: 9,249
• Price Per Unit: $638,667
• Price Per Square Foot: $414
• Buyer's Representative: Jon Tran - Partners CRE
• Seller's Representatives: Elizabeth Maddox & Ian Maddox - The 2-4 Unit Specialists

This transaction featured Jon Tran of Keller Williams Beverly Hills representing the buyer. The sellers, Elizabeth and Ian Maddox, are specialists in 2-4 unit properties, showcasing their expertise in this market segment.