BTK Acquires West Hollywood Multifamily For $2.65M From Seller Ferzoco

An investor named BTK has recently purchased a multifamily property in West Hollywood. The property is located at 944 N. San Vicente and consists of 9 units with a total square footage of 7,136. The sale took place on June 22, 2021, with a sale price of $2,650,000. The asking price for the property was $3,000,000, resulting in a discount of $350,000. On a per unit basis, the purchase price equates to approximately $294,444. The price per square foot for the property is $371. The transaction was facilitated by Donald Paulino, who represented the buyer in this deal.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $2,650,000
• Address: 944 N. San Vicente
• Market: West Hollywood
• Units: 9
• Square Footage: 7,136
• Asking Price: $3,000,000
• Price per Unit: $294,444
• Price per Square Foot: $371

The seller in this transaction was Ferzoco. BTK, the buyer, acquired the property through the representation of Donald Paulino, acting as the broker. It's interesting to note that the sale price of $2,650,000 is $350,000 lower than the initial asking price of $3,000,000.