Karo Margaryan Purchases Office Building From Aurora Vitar For $1.6 Million In Los Angeles

The property asset involved in this transaction is situated at 625 North Alvarado Street, Los Angeles, CA. The asset is classified as an office space, measuring 3,150 square feet. The transaction concluded at a sale price of $1,600,000, translating to a price per square foot of $507.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $1,600,000
• Square Footage: 3,150
• Price Per Square Foot: $507
• Buyer: Karo Margaryan
• Seller: Aurora Vitar
• Brokers: Hannah Zager, Ryan Rothstein-Serling, Martin Agnew & Rick Raymundo - Marcus & Millichap Encino

The deal was facilitated by a team of brokers from Marcus & Millichap Encino, comprising Hannah Zager, Ryan Rothstein-Serling, Martin Agnew, and Rick Raymundo, who represented the buyer and seller in this transaction.