Marcus & Millichap Sells NoHo Arts District Multifamily Property For $3.3M With LAAA Team And Keller Williams As Brokers
10800 Hesby Street
9,552 SF
Summary
Located in the NoHo Arts District, the multifamily property at 10800 Hesby St. has been sold for $3,300,000. The transaction took place on June 29, 2021, and involved a total of 10 units. With a price per unit (PPU) of $330,000, the property spans 9,552 square feet, resulting in a price per square foot (PPSF) of $345. Built in 1963, the property was sold to an all-cash 1031 Exchange buyer despite having deferred maintenance. The prime NoHo Arts location and its attributes make it an attractive investment opportunity.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $3,300,000
- Market: NoHo Arts District
The sale of the property was facilitated by two broker pairs. Filip Niculete and Glen Scher, part of the LAAA Team at Marcus & Millichap, represented the buyer and/or seller in the transaction. In addition, Jay and Michelle Lieberman from Keller Williams played a key role in the deal. Their expertise and involvement helped ensure the successful completion of the transaction.
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6
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4
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2
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