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Marcus & Millichap Sells 4-Unit Multifamily In Mid City For $2.7M With Jordan Epstein, Filip Niculete & Glen Scher

1626 South La Brea Avenue
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This MultiFamily property located in CA was sold for $2,700,000 almost 3 years ago. The brokers of the deal were Jordan Epstein, Glen Scher, and Filip (Fil) Niculete

A multifamily property located at 1626 S. La Brea Ave. in Mid City has been sold for $2,700,000. The property consists of 4 units with a total square footage of 6,400. The price per unit is $675,000 and the price per square foot is $421. This transaction was handled by the LAAA Team (Jordan Epstein, Filip Niculete, and Glen Scher) from Marcus & Millichap.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $2,700,000
  • Address: 1626 S. La Brea Ave.
  • Market: Mid City
  • Units: 4
  • Price per Unit: $675,000
  • Square footage: 6,400
  • Price per Square Foot: $421

This sale was completed before the Certificate of Occupancy was issued, and the property is located in an Opportunity Zone, providing the buyer with tax advantages.

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Deals
  • Location
    1626 South La Brea Ave, Central LA, Los Angeles, CA, USA1626 South La Brea Ave, Central LA, Los Angeles, CA, USA
  • Sale Price
    $2,700,000$2,700,000
    $421 PPSF$421 PPSF
  • Area
    6,400 SF6,400 SF
  • Asset Type
    MultiFamilyMultiFamily
  • Parties
    3 Brokers, 1 Agency3 Brokers, 1 Agency

Agents

Jordan Epstein

Jordan Epstein

Deals19
Sold$49.5M

Glen Scher

Glen Scher

Deals161
Sold$624.5M

Agency

Marcus & Millichap

Marcus & Millichap

Agency
Deals7003
Volume$66B

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Deal Summary

SALE IMAGE: Glen Scher, Filip Niculete & Jordan Epstein DATE: 04/12/2021 ADDRESS: 1626 S. La Brea Ave. MARKET: Mid City ASSET TYPE: Multifamily BROKERS: Jordan Epstein, Filip Niculete & Glen Scher (LAAA Team) @LAAATeam - Marcus & Millichap SALE PRICE: $2,700,000 UNITS: 4 ~ PPU: $675,000 SF: 6,400 ~ PPSF: $421 NOTE: Sold Before Certificate of Occupancy Opportunity Zone | Buyer Receives Tax Advantage

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1626 South La Brea Avenue

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