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JML Real Estate Group Acquires Pico Union Multifamily For $1.01M

1452 West 20th Street
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This MultiFamily property located in CA was sold for $1,010,000 over 4 years ago. The brokers of the deal were Hirsch Sherman and Jared Levine

Hirsch Sherman & Jared Levine of JML Real Estate Group represented the buyer in the sale of a multifamily property in Pico Union. The property, located at 1452 W 20th Street, consists of 9 units with a total square footage of 4,798. The sale price was $1,010,000, resulting in a price per square foot of $210.50. The buyer paid an average of $112,222 per unit.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $1,010,000
  • Date: 10/24/2019
  • Market: Pico Union
  • Address: 1452 W 20th Street
  • Square Footage: 4,798
  • Price per Square Foot: $210.50
  • Number of Units: 9
  • Price per Unit: $112,222

Jared Levine and Hirsch Sherman, brokers from JML Real Estate Group, successfully represented the buyer in this transaction. Despite facing competition from multiple buyers, they were able to secure a credit of $165,000 for the buyer during the escrow process. The deal closed in just 8 days, and the property also offers parking for 15 cars.

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Deals
  • Location
    1452 West 20th Street, Central LA, Los Angeles, CA, USA1452 West 20th Street, Central LA, Los Angeles, CA, USA
  • Sale Price
    $1,010,000$1,010,000
    $210 PPSF$210 PPSF
  • Area
    4,798 SF4,798 SF
  • Asset Type
    MultiFamilyMultiFamily
  • Parties
    2 Brokers, 1 Agency2 Brokers, 1 Agency

Agents

Jared Levine

Jared Levine

Deals22
Sold$100.5M

Agency

Keller Williams

Keller Williams

Agency
Deals1208
Volume$6B

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Deal Summary

SALE IMAGE: Hirsch Sherman & Jared Levine @jmlrealestategroup DATE: 10/24/2019 ADDRESS: 1452 W 20th Street MARKET: Pico Union ASSET TYPE: Multifamily PRICE: $1,010,000 SF: 4,798 PPSF: $210.50 UNITS: 9 PPU: $112,222 BROKERS: Jared Levine, Hirsch Sherman NOTES: JML Real Estate Group | KW Commercial - Represented Buyer, Beat Out Multiple Buyers and Secured a $165,000 credit for Buyer while in escrow, Closed All Cash in 8 Days, Building also had parking for 15 cars.

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1452 West 20th Street

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