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2965 Waverly LLC Acquires Multi-Family Property In Silverlake For $13M

2975 Waverly Drive
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This MultiFamily property located in CA was sold for $13,000,000 over 5 years ago. The brokers of the deal were Hirsch Sherman and Jared Levine

The property at 2975 Waverly Drive in Silverlake, LA was recently sold in a highly competitive off-market deal. This multi-family asset consists of 36 units and spans a total area of 32,400 square feet. The transaction took place on July 31, 2018, with an impressive sale price of $13,000,000, resulting in a price per square foot of $401. The buyer, 2965 Waverly LLC, acquired the property from the seller, Kelleher James D Decd Est. This deal marks the largest transaction in the trendy and highly desirable Silverlake market in over 5 years.

Summary of transaction details

  • Property Type: Multi Family
  • Transaction Amount: $13,000,000
  • Square Footage: 32,400
  • Price per Square Foot: $401
  • Units: 36
  • Price per Unit: $361,111

Jared Levine and Hirsch Sherman of mlrealestategroup served as the brokers for this deal, representing the respective parties involved. It is worth noting that there were multiple bidders vying for this property, highlighting its desirability in the market. The sale of 2975 Waverly Drive showcases the strong demand and high competitiveness in the Silverlake market.

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Deals
  • Location
    2975 Waverly Drive, Los Angeles, CA 90039, USA2975 Waverly Drive, Los Angeles, CA 90039, USA
  • Sale Price
    $13,000,000$13,000,000
    $401 PPSF$401 PPSF
  • Area
    32,400 SF32,400 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 and Jared Levine DATE: 07/31/2018 ADRESS: 2975 Waverly Drive MARKET: Silverlake CITY: LA ASSET TYPE: Multi Family PRICE: $13,000,000 SF: 32,400 PPSF: $401 UNITS: 36 PPU: $361,111 BROKERS: Jared Levine & Hirsch Sherman - @jmlrealestategroup SELLER: Kelleher James D Decd Est BUYER: 2965 Waverly LLC NOTE: Highly Competitive Off Market deal with Multiple Bidders. It was the largest deal sold in the Trendy/highly desirable Silverlake Market in over 5+ years.

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2975 Waverly Drive

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