Matthews Real Estate Investment Services Facilitates $12.6M Multifamily Sale In Inglewood

A multifamily property located at 850 Victor Avenue in Inglewood was recently sold for $12,600,000. The transaction took place on 05/21/2021. The property consists of 50 units with an average price per unit (PPU) of $252,000. The total square footage of the property is 37,581, resulting in a price per square foot (PPSF) of $335.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $12,600,000
• Units: 50
• Average Price per Unit (PPU): $252,000
• Square Footage (SF): 37,581
• Price per Square Foot (PPSF): $335
• Market: Inglewood

The sale of the property was facilitated by J.A. Charles Wright, Nabil Awada, and David Harrington from Matthews Real Estate Investment Services. They represented the parties involved in the transaction.