An multifamily property located at 7941 Selma Avenue in Los Angeles was recently sold for a total price of $13,300,000. The property consists of 35 units, with an average price per unit of $380,000. The total square footage of the property is 35,235, resulting in a price per square foot of $377. The sale took place on November 17, 2020, and the property has a 2.87% capitalization rate.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $13,300,000
• Units: 35
• Price per Unit: $380,000
• Square Footage: 35,235
• Price per Square Foot: $377
• Capitalization Rate: 2.87%
• Market: Los Angeles

The sale of the property was facilitated by brokers Steven Goldstein and Bryan Schellinger. They represented the parties involved in the transaction and played a crucial role in its successful completion.