Brendan Raney Acquires Hollywood Multifamily For $4.8M

The sale of a multifamily property in Hollywood has been successfully completed. The property, located at 2022 Adams Street and 2025 Washington Street, was sold for a price of $4,800,000. The transaction took place on April 20, 2022. The property consists of 32 units, with a price per unit of $150,000. The total square footage of the property is 17,540, resulting in a price per square foot of $274.

Summary of transation details

• Property Type: Multifamily
• Transaction Amount: $4,800,000
• Address: 2022 Adams Street & 2025 Washington Street
• Market: Hollywood
• Buyer: Brendan Raney
• Seller: Boris Ovrutsky
• Brokers: Alec Demetriou, Joseph Thomas & Adam Duncan - Marcus & Millichap
• Units: 32
• Price per Unit: $150,000
• Total Square Footage: 17,540
• Price per Square Foot: $274

The successful sale was facilitated by brokers Alec Demetriou, Joseph Thomas, and Adam Duncan from Marcus & Millichap. They played a vital role in representing the buyer and seller in the transaction, ensuring a smooth process and favorable outcomes for both parties involved.