Jose Villegas Purchases Multifamily Property At 856 West 47th Street For $1.3M With Brokers Sebastian Lopez And Taylor Avakian

The asset involved in this transaction is a multifamily property located at 856 West 47th Street in the Los Angeles market. The property has a sale price of $1,300,000 and comprises four units, offering a price per unit of $325,000. With a total square footage of 4,510, the property features a price per square foot of $288.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $1,300,000
• Buyer: Jose Villegas
• Seller: Christopher Montes
• Buyer's Representative: Sebastian Lopez - The Ave Real Estate
• Seller's Representative: Taylor Avakian - Lyon Stahl Investment Real Estate
• Units: 4
• Price per Unit: $325,000
• Total Square Feet: 4,510
• Price per Square Foot: $288

Sebastian Lopez represented the buyer, Jose Villegas, in this transaction. Taylor Avakian represented the seller, Christopher Montes. This acquisition includes two newly constructed ADUs, providing the buyer with strong day-one cash flow and potential for long-term appreciation.