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1516 Butler Ave Multifamily Sold For $2.6M By Xenon Investment Corp To 1516 JCE Butler LLC

1516 Butler Avenue
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This MultiFamily property located in CA was sold for $2,640,000 almost 5 years ago. The broker of the deal was Ramin Gheitanchi

A multifamily property located at 1516 Butler Ave in West Los Angeles has been sold for a price of $2,640,000. The property spans a total of 5,871 square feet, resulting in a price per square foot of $449.67. This multifamily asset consists of 8 units, with a price per unit of $330,000. The gross rent multiplier (GRM) for this transaction is 17.3.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $2,640,000
  • Address: 1516 Butler Ave
  • Market: West Los Angeles
  • Square Footage: 5,871
  • Price per Square Foot: $449.67
  • Number of Units: 8
  • Price per Unit: $330,000
  • Gross Rent Multiplier (GRM): 17.3

The buyer of the property is 1516 JCE Butler LLC, while the seller is Xenon Investment Corp. Acting as the broker in this transaction is Ramin Gheitanchi.

View Related

Deals
  • Location
    1516 Butler Avenue, Los Angeles, CA 90025, USA1516 Butler Avenue, Los Angeles, CA 90025, USA
  • Sale Price
    $2,640,000$2,640,000
    $449 PPSF$449 PPSF
  • Area
    5,871 SF5,871 SF
  • Asset Type
    MultiFamilyMultiFamily
  • Parties
    1 Broker, 1 Agency1 Broker, 1 Agency

Agent

Ramin Gheitanchi

Ramin Gheitanchi

Deals8
Sold$31M

Agency

Keller Williams

Keller Williams

Agency
Deals1208
Volume$6B

Social

Deal Summary

SALE IMAGE: Ramin Gheitanchi @ramini5 DATE: 06/18/2019 ADDRESS: 1516 Butler Ave MARKET: West Los Angeles ASSET TYPE: Multifamily PRICE: $2,640,000 SF: 5,871 PPSF: $449.67 UNITS: 8 PPU: $330,000 GRM: 17.3 BUYER: 1516 JCE Butler LLC SELLER: Xenon Investment Corp BROKERS: Ramin Gheitanchi

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1516 Butler Avenue

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