TDI Properties Purchases Multifamily Asset From Lorraine Gipson For $1.5M In Los Angeles

The property involved in this transaction is a multifamily asset located at 3601 West 59th Street, in the Los Angeles market. The sale price of the property was $1,500,000. The asset comprises 12 units and has a total square footage of 7,831, resulting in a price per unit of $125,000 and a price per square foot of $191.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $1,500,000
• Units: 12
• Square Footage: 7,831
• Price Per Unit: $125,000
• Price Per Square Foot: $191
• Buyer: TDI Properties
• Seller: Lorraine Gipson
• Brokers: Austin Mudd - Kidder Mathews & David Evans

Notable individuals involved in the transaction include Austin Mudd and David Evans, who acted as brokers for the deal, representing the buyer and seller respectively. Their roles were instrumental in facilitating the transaction between TDI Properties and Lorraine Gipson.