Matthew Kanner Brokers $3.725M 20-Unit Multifamily Sale In Los Angeles

A 20-unit multifamily property at 821 South Wilton Place in Los Angeles was sold for $3,725,000. The property, located in the Hancock Park adjacent submarket, features studios and one-bedroom units with original tile, hardwood flooring, and separate gas and electric meters.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $3,725,000
• Units: 20
• Price per Unit: $186,250
• Square Footage: 10,786
• Price per Square Foot: $345
• Address: 821 South Wilton Place, Los Angeles
• Market: Los Angeles

Matthew Kanner of Keller WilliamsRealty facilitated the sale of the multifamily property. The transaction presented significant rental upside potential for the buyer and involved units with unique features such as original tile and hardwood flooring.