Marcus & Millichap Sells West Hollywood Multifamily Package Deal For $5.55M

The package deal in West Hollywood involved the sale of two multifamily properties located at 921 N Gardner and 1220 N Formosa. The transaction was closed on 08/06/2020 for a total price of $5,550,000. The combined square footage of both properties is 15,416, resulting in a price per square foot of $360. The deal included a total of 19 units, with each unit selling for an average price of $292,000.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $5,550,000
• Address: 921 N Gardner & 1220 N Formosa
• Market: West Hollywood
• Square Footage: 15,416
• Price per Square Foot: $360
• Number of Units: 19
• Price per Unit: $292,000

The sale was successfully completed during the pandemic with a non-contingent offer. The brokers involved in the transaction were Jordan Asheghian and Tony Azzi from The Azzi Group. For more information, interested parties can contact Jordan Asheghian directly at [email protected].