Marcus & Millichap Brokers Sell Hollywood Multifamily Property For $9.35M

The multifamily property located at 1720 Cleveland Street in Hollywood has been sold for a price of $9,350,000. This transaction was facilitated by brokers Evan Kristol, Felipe Echarte, and Brandon Rex from Marcus & Millichap. The property consists of 50 units, with a price per unit of $187,000. The total square footage of the property is 34,871, resulting in a price per square foot of $268.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $9,350,000
• Address: 1720 Cleveland Street
• Market: Hollywood
• Brokers: Evan Kristol, Felipe Echarte, and Brandon Rex - Marcus & Millichap
• Units: 50
• Price per Unit: $187,000
• Square Footage: 34,871
• Price per Square Foot: $268

Evan Kristol, Felipe Echarte, and Brandon Rex, all from Marcus & Millichap, played crucial roles in representing the parties involved in this sale transaction. Their expertise in the Hollywood market contributed to the successful completion of this deal.