South Gramercy Place Acquires 33-Unit Multifamily In Los Angeles For $8.55M

The multifamily property located at 114 S Gramercy Pl in Los Angeles has been sold for a total price of $8,550,000. The transaction, which took place on 05/14/2021, involved the sale of a building with 33 units. With a price per unit of $259,090, the property spans across 24,872 square feet, resulting in a price per square foot of $343. The buyer, represented by Jeff Louks & Elliot Sabag, is South Gramercy Place. On the other hand, the seller, 114 S GRAMERCY PLACE, was represented by Dan Withers & John Boyett.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $8,550,000
• Units: 33
• Price Per Unit: $259,090
• Square Footage: 24,872
• Price Per Square Foot: $343
• Date: 05/14/2021
• Market: Los Angeles

Notably, Jeff Louks & Elliot Sabag represented the buyer, South Gramercy Place, in this transaction. Meanwhile, Dan Withers & John Boyett acted as the seller's representatives for 114 S GRAMERCY PLACE.