Nate Farzad Purchases Multifamily Asset From Dan Octavian For $1.65 Million In Hollywood

The property asset involved in this transaction is a multifamily building located at 1927 Roosevelt Street in the Hollywood market. It comprises 10 units and has a total square footage of 6,450, with a sale price of $1,650,000, resulting in a price per unit of $165,000 and a price per square foot of $255.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $1,650,000
• Address: 1927 Roosevelt Street
• Market: Hollywood
• Units: 10
• Square Footage: 6,450
• Price Per Unit: $165,000
• Price Per Square Foot: $255
• Buyer: Nate Farzad
• Seller: Dan Octavian
• Broker: Elior Levi - Fausto Commercial Realty Consultants

Nate Farzad has acquired the property from seller Dan Octavian, with the transaction facilitated by broker Elior Levi from Fausto Commercial Realty Consultants. The deal showcases the collaboration between the buyer and seller through their respective representatives in the real estate market.