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Jong Park Acquires Montrose Multifamily For $5.15M With Sam Liberow & Jeff Louks

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This MultiFamily property located in CA was sold for $5,150,000 over 3 years ago. The brokers of the deal were Elliot Sabag, Sam Liberow, and Jeff Louks

Located at 2300 Montrose Avenue in the Montrose market, a multifamily property has been sold. The transaction took place on July 23, 2021, with the seller being the Meisels Family and the buyer being Jong Park. The property consists of 15 units, with each unit valued at approximately $343,333. In total, the property spans across 12,172 square feet, resulting in a price per square foot of $423. The sale price for this transaction was $5,150,000.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $5,150,000
  • Units: 15
  • Price Per Unit: $343,333
  • Square Footage: 12,172
  • Price Per Square Foot: $423

The deal was facilitated by the brokers Sam Liberow, Jeff Louks, and Elliot Sabag.

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Deals
  • Location
    2300 Montrose Avenue, Montrose, CA 91020, USA2300 Montrose Avenue, Montrose, CA 91020, USA
  • Sale Price
    $5,150,000$5,150,000
    $423 PPSF$423 PPSF
  • Area
    12,172 SF12,172 SF
  • Asset Type
    MultiFamilyMultiFamily
  • Parties
    3 Brokers, 1 Agency3 Brokers, 1 Agency

Agents

Elliot Sabag

Elliot Sabag

Deals8
Sold$65.6M

Agency

Marcus & Millichap

Marcus & Millichap

Agency
Deals6999
Volume$66B

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Deal Summary

SALE IMAGE: Sam Liberow, Jeff Louks & Elliot Sabag DATE: 07/23/2021 ADDRESS: 2300 Montrose Avenue MARKET: Montrose ASSET TYPE: Multifamily BUYER: Jong Park SELLER: Meisels Family BROKERS: Sam Liberow (@Sam_Liberow) (@TheLiberowGroup), Jeff Louks & Elliot Sabag SALE PRICE: $5,150,000 UNITS: 15 ~ PPU: $343,333 SF: 12,172 ~ PPSF: $423

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