Ridgecrest Mobile Home Park LLC Acquires Multifamily Assemblage In Fort Lauderdale For $3.77M

The property asset involved in the transaction is a multifamily assemblage located at 738 & 745 Northeast 5th Avenue, Fort Lauderdale, FL. The sale price was $3,767,690, with a total of 8,089 square feet. The property consists of 15 units, translating to a price per unit of $251,179 and a price per square foot of $466. The asset spans an area of 0.46 acres and was constructed across three buildings between the years 1959 and 1973.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $3,767,690
• Buyer: Ridgecrest Mobile Home Park LLC
• Seller: 735/745 SCJJC LLC
• Broker: Jaime Sturgis - Native Realty
• Number of Units: 15
• Square Footage: 8,089
• Price per Unit: $251,179
• Price per Square Foot: $466
• Parcel Size: 0.46 acres

The transaction was facilitated by Jaime Sturgis of Native Realty, who represented the seller, 735/745 SCJJC LLC, during the sale of the property. Ridgecrest Mobile Home Park LLC was the acquiring party, concluding the deal on April 30, 2026.