Yaacov Bren Purchases Los Angeles Multifamily Property From Peter Philip For $1.4M

The property asset involved in this transaction is a multifamily unit located at 944 South Park View Street in Los Angeles. The sale price is set at $1,400,000, encompassing a total of 10 units within the structure. The building spans a total area of 10,598 square feet, translating to a price per unit of $140,000 and a price per square foot of $132.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $1,400,000
• Units: 10
• Square Footage: 10,598
• Price Per Unit: $140,000
• Price Per Square Foot: $132
• Buyer: Yaacov Bren
• Seller: Peter Philip
• Broker Representatives: Michael Kamara - The Kamara Multifamily Group, Michael Sterman - Marcus & Millichap

The deal includes involvement from brokers Michael Kamara and Michael Sterman, representing their respective agencies in the context of this multifamily sale. Their roles are crucial in facilitating this transaction between buyer Yaacov Bren and seller Peter Philip, ensuring compliance and effective negotiation throughout the process.