Phil Lin Acquires USC Student Housing Investment On Kenwood Avenue For $1.125M
2706 Kenwood Avenue
MultiFamily
2,648 SF
2,648 SF
Sold 1 year ago
Summary
2706 Kenwood Avenue, a multifamily property, was recently sold in a closed transaction for $1,125,000. The property spans 2,648 square feet and was sold at a price per square foot of $430. This transaction yielded a cap rate of 5.5% and a gross rent multiplier (GRM) of 15.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,125,000
- Square Footage: 2,648
- Price per Square Foot: $430
- Cap Rate: 5.5%
- Gross Rent Multiplier (GRM): 15
- Date: 10/01/2020
- Buyer: Phil Lin
- Seller: John Patterson
- Brokers: Davis Saadian, Ariel Sayani
This transaction involved the sale of 2706 Kenwood Avenue, a property ideal for USC student housing investment. The deal brought together buyer Phil Lin and seller John Patterson. The brokers who facilitated the transaction were Davis Saadian and Ariel Sayani.
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2706 Kenwood Avenue
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