Eduardo Barillas And Maroun Boutros Acquire Multifamily Asset In South Gate For $2.925M

The multifamily asset located at 3164 Cherokee Avenue & 4127 East 57th Street in the South Gate & Maywood market has been sold for $2,925,000. The property comprises 13 units, offering a price per unit of $225,000. It spans a total of 9,727 square feet, resulting in a price per square foot of $301.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $2,925,000
• Units: 13
• Price Per Unit: $225,000
• Square Feet: 9,727
• Price Per Square Foot: $301
• Buyer: Eduardo Barillas & Maroun Boutros
• Seller: Salvador Avitia
• Brokers: Matthew William Guerra & Kevin Clayton - Principle Quality Investments

Matthew William Guerra and Kevin Clayton from Principle Quality Investments represented the seller in this transaction, marking the final two properties sold out of multiple properties handled for Salvador Avitia.