Moe Fowl Acquires Multifamily Portfolio From Sharon Christian For $2.645M In Los Angeles And Camarillo

A two-property residential income portfolio located at 851 Serrano Place and 405 Village Common Boulevard in the Los Angeles and Camarillo markets has been sold for $2,645,000. The properties consist of a total of 3 units, offering a price per unit of $881,666. The combined square footage is 4,873, resulting in a price per square foot of $542.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $2,645,000
• Buyer: Moe Fowl
• Seller: Sharon Christian
• Brokers: Nathan Shaolian & Dane Garson - Kidder Mathews
• Units: 3
• Square Footage: 4,873
• Price Per Unit: $881,666
• Price Per Square Foot: $542

The brokers involved in the transaction, Nathan Shaolian and Dane Garson from Kidder Mathews, are facilitating the seller's 1031 exchange into higher yielding commercial assets, with the upleg already in escrow. This strategic move enhances the client's investment position significantly.