NorthMarq Represents Seller In $13.125M Sale Of 45-Unit Multifamily Property In Los Angeles

3717 Cardiff Avenue is a 45-unit garden apartment community located in the Palms neighborhood of Los Angeles, CA. The asset was sold for $13,125,000, averaging $291,667 per unit. The property had been under the ownership of the seller since the 1970s.

Summary of transation details:

• Property Type: MultiFamily
• Transaction Amount: $13,125,000
• Address: 3717 Cardiff Avenue
• Market: Los Angeles, CA
• Units: 45
• Price Per Unit: $291,667

NorthMarq arranged the transaction and represented both the seller and the buyer, which is a local private investor. The deal was facilitated by brokers Mike Hanassab, Steven Goldstein, and Elliot Hassan.