Jaime O. Sanchez And Jorge Contreras Of Elite Equity Group Acquire Multifamily In Gardena For $3.05M

The property asset involved in this transaction consists of two multifamily buildings located at 821 & 825 West 167th Street in Gardena. The transaction was finalized at a price of $3,050,000, encompassing a total of 20 units. The overall square footage of the asset is 12,434, resulting in a price per unit of $152,500 and a price per square foot of $245.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $3,050,000
• Units: 20
• Square Footage: 12,434
• Price Per Unit: $152,500
• Price Per Square Foot: $245
• Buyer: Jaime O. Sanchez & Jorge Contreras - Elite Equity Group
• Seller: Edward Young Ho Pai
• Broker Representatives: Evelyn Baez & Olga Wright - Lyon Stahl Investment Real Estate

The key individuals involved in the transaction include buyers Jaime O. Sanchez and Jorge Contreras, representing Elite Equity Group. The transaction was facilitated by broker representatives Evelyn Baez and Olga Wright from Lyon Stahl Investment Real Estate, and the seller of the property is Edward Young Ho Pai.