Richard Mehta & Nataliya Mehta Acquire Multifamily Asset From Nida Smith For $5.105M

The property asset sold is a multifamily building located at 132 South Clark Drive in Los Angeles. The sale price amounted to $5,105,000, with the asset comprising 15 units. The total square footage of the property is 10,792, resulting in a price per unit of $340,333 and a price per square foot of $473.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $5,105,000
• Address: 132 South Clark Drive
• Market: Los Angeles
• Units: 15
• Square Footage: 10,792
• Price per Unit: $340,333
• Price per Square Foot: $473
• Buyer: Richard Mehta & Nataliya Mehta
• Seller: Nida Smith
• Buyer’s Representatives: Taylor Avakian & Freddie Gershinson - The Group CRE

The successful transaction was facilitated by Taylor Avakian and Freddie Gershinson, who noted the importance of relationships and market knowledge in executing the deal quickly. The opportunities were presented to the buyer almost immediately due to the agents' existing connections with the listing agents, ensuring a swift submission of the offer.