Breno Miranda Purchases 10-Unit Multifamily Property From Jerome Megna For $1.5M In Hollywood

A 10-unit multifamily property located at 2221 Adams Street in Hollywood has been sold for $1,500,000. The asset spans 7,263 square feet, translating to a price per unit of $150,000 and a price per square foot of $206. This sale marks the first transfer of ownership in over 20 years, indicating a significant change in the property's historical ownership.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $1,500,000
• Address: 2221 Adams Street
• Market: Hollywood
• Units: 10
• Price Per Unit: $150,000
• Square Footage: 7,263
• Price Per Square Foot: $206
• Buyer: Breno Miranda
• Seller: Jerome Megna
• Brokers: Daniel J. Cunningham, River Rhoads, Dillon Majeski, Cory Sanchez & Evan Richardson - Marcus & Millichap

Dillon Majeski and the Cunningham-Richardson Group of Marcus & Millichap facilitated the sale, successfully bringing together the buyer and seller. The transaction was characterized by effective negotiations from the initial stages through to closing, with the buyer interested in enhancing the property through strategic improvements amidst the area's ongoing revitalization.