Ramzi Rabadi Facilitates $2.11M Sale Of Multifamily Property In Los Angeles

A traditional 4-unit apartment building located at 8417 Waring Avenue in Los Angeles was sold for $2,110,000. This multifamily property spans 4,167 square feet and was acquired for a price per unit of $527,500, equating to a price per square foot of $506.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $2,110,000
• Units: 4
• Square Footage: 4,167
• Price per Unit: $527,500
• Price per Square Foot: $506
• Address: 8417 Waring Avenue
• Market: Los Angeles

Ramzi Rabadi of Agency 8 Real Estate Group represented the buyer in the transaction, while Andrea Gressinger from KW Advisors acted as the seller's representative. This property, which had not been on the market for 50 years, presents a stable income opportunity with a mix of unit types. Situated adjacent to West Hollywood, the area is renowned for its lively dining, shopping, and entertainment offerings.