A single-family property located at 1048 Orange has been sold for $1,850,000. The property consists of 4 units, with each unit having a price per unit (PPU) of $462,500. The total square footage of the property is 5,600, resulting in a price per square foot (PPSF) of $330.36. The capitalization rate (CAP) for this transaction is 3.87% and the gross rent multiplier (GRM) is 16.60.

Summary of transaction details

• Property Type: Single-family
• Transaction Amount: $1,850,000
• Units: 4
• Price Per Unit (PPU): $462,500
• Square Footage (SF): 5,600
• Price Per Square Foot (PPSF): $330.36
• Capitalization Rate (CAP): 3.87%
• Gross Rent Multiplier (GRM): 16.60

The sale was facilitated by Fil, Glen, Floyd Shaheen, and Emily Shikhvarger, who represented the transaction on behalf of the buyer and seller. They are associated with Floyd Group CRE and LA Apartment Advisors.