Preston & Bryce Ezralow Acquire Multifamily Asset In Los Angeles For $47 Million

The multifamily asset located at 8811 Burton Way in Los Angeles has been sold for a total price of $47,000,000. The property comprises 78 units, with a price per unit of $602,564. The total square footage of the building is 86,448, resulting in a price per square foot of $543.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $47,000,000
• Buyer: Preston & Bryce Ezralow
• Seller: May Ling Yu
• Brokers: Tony Azzi & Rabbie Banafsheha - Marcus & Millichap
• Units: 78
• Square Footage: 86,448
• Price Per Unit: $602,564
• Price Per Square Foot: $543

The transaction involved the collaboration of brokers Tony Azzi and Rabbie Banafsheha from Marcus & Millichap, representing both parties effectively in the sale process. Their expertise in the multifamily market facilitated the completion of this significant real estate transaction.