Gwendolyn Maddox Sells 6-Unit Multifamily Property In South Los Angeles & Bellflower For $1.365M

A multifamily property located at 937 West 45th Street in South Los Angeles and 16136 Cornuta Avenue in Bellflower has been sold. The property consists of 6 units with a total square footage of 4,056. The sale price for the property was $1,365,000, resulting in a price per unit of $227,500 and a price per square foot of $337.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $1,365,000
• Units: 6
• Price Per Unit: $227,500
• Square Footage: 4,056
• Price Per Square Foot: $337
• Market: South Los Angeles & Bellflower

The seller of the property was Gwendolyn Maddox. The transaction was facilitated by Aaron Es-haghian from Marcus & Millichap Encino. The property was delivered off-market, with 4 vacant units. Additionally, a separate investor purchased the condominium on Cornuta Avenue, which was being used as collateral. The condominium was sold above the asking price, with a 7-day close of escrow. The deal involved taking care of a loan payoff, but the team managed to handle any obstacles and ensure that the sellers walked away with cash as well.