20-Unit Multifamily Property Sold For $7 Million Near USC With Brokers Christopher Furstenberg & Howard Lorey

A 20-unit multifamily property at 803 West 30th Street in North University Park, Los Angeles, sold for $7 million, equating to $350,000 per unit. The total square footage of the property is 13,432, resulting in a price per square foot of $521. The units are spacious 1-bed, 1-bath layouts, averaging $2,248 per month and feature hardwood floors, quartz countertops, modern appliances, and secured parking.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $7,000,000
• Address: 803 West 30th Street
• Market: Los Angeles
• Units: 20
• Price Per Unit: $350,000
• Total Square Footage: 13,432
• Price Per Square Foot: $521
• Brokers: Christopher Furstenberg & Howard Lorey - Nourmand & Associates

Christopher Furstenberg and Howard Lorey represent the sellers of the multifamily property. Their work through Nourmand & Associates facilitated the transaction within the competitive Los Angeles real estate market.