Fairfield Acquires Multifamily In Hancock Park For $60.1M With Brokers Kevin Green & Joseph Grabiec - Marcus & Millichap

The multifamily property located at 738 Wilcox Avenue in Hancock Park has been sold in a recent transaction. The sale was facilitated by Kevin Green and Joseph Grabiec of Institutional Property Advisors, who represented the buyer, Fairfield, and the seller, Alliance Residential. The property consists of 103 units and was sold for a total price of $60,100,000, resulting in a per unit price of $583,495.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $60,100,000
• Address: 738 Wilcox Avenue
• Market: Hancock Park
• Buyer: Fairfield
• Seller: Alliance Residential
• Brokers: Kevin Green & Joseph Grabiec (Institutional Property Advisors) - Marcus & Millichap
• Units: 103
• Price per Unit: $583,495

Kevin Green and Joseph Grabiec, from Institutional Property Advisors, played a crucial role in this transaction, representing the interests of both the buyer and the seller. Their expertise in the real estate market ensured a successful deal for Fairfield and Alliance Residential.