Avondale Equities, represented by Steve Anavim of Conroy Commercial, has acquired a multifamily property in Los Angeles for a sale price of $11,950,000. The property is located at 8700 West 3rd Street & 309 South Hamel Road and spans a total of 10,260 square feet. The price per square foot for this transaction was $1,165.

Summary of Transaction Details:

• Property Type: Multifamily
• Transaction Amount: $11,950,000
• Buyer: Tyler Makhani, Brandon Makhani, and Chloe Makhani (Avondale Equities)
• Seller: Sean MacPherson
• Buyer's Representative: Steve Anavim (Conroy Commercial)
• Seller's Representative: Michael Monempour (Lyon Stahl)

The acquisition was led by Avondale Equities, a real estate investment firm represented by Steve Anavim of Conroy Commercial. The seller, Sean MacPherson, entrusted the transaction to Michael Monempour of Lyon Stahl. This deal marks a significant transaction in the Los Angeles market, showcasing the continued robustness of the multifamily asset class.