A 6-unit multifamily property at 853 South Bedford Street in Los Angeles was sold for $2.4 million. The property spans 5,325 square feet and was sold for a price per unit of $400,000 and a price per square foot of $451. Four out of the six units were vacant at the time of the sale and were delivered vacant at closing. The building is subject to LA rent control regulations and was sold in its current condition, without recent upgrades or the required soft story retrofitting.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $2,400,000
• Units: 6
• Price per Unit: $400,000
• Square Footage: 5,325
• Price per Square Foot: $451
• Address: 853 South Bedford Street
• Market: Los Angeles

The buyer's representative for this transaction was Shokoh Nasab from Keller WilliamsRealty Westside and the seller's representative was Vineendra Jain from Ingenious Asset Group.