Deepak Mehta Acquires Multifamily Property In Los Angeles For $8.2M

Located at 944 Tiverton Ave. in Los Angeles, this multifamily property was recently sold in a closed transaction. The property consists of 28 units with a total area of 8,353 square feet. The sale price for this transaction was $8,200,000, resulting in a per unit price of approximately $292,857. The price per square foot was calculated to be around $981.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $8,200,000
• Address: 944 Tiverton Ave., Los Angeles
• Market: Los Angeles
• Buyer: Deepak Mehta
• Seller(s): Linda Miller, Howard Miller, Steven Brooks & Sean Maguire
• Broker: Hamid Soroudi - Keller Williams
• Units: 28
• Price per Unit: $292,857
• Total Square Footage: 8,353
• Price per Square Foot: $981

Deepak Mehta was the buyer in this transaction, while Linda Miller, Howard Miller, Steven Brooks, and Sean Maguire acted as the sellers. The deal was facilitated by broker Hamid Soroudi from Keller Williams. The successful sale of this multifamily property demonstrates the strong demand for real estate in the Los Angeles market.