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LA Platinum Properties LLC Acquires Distressed Apartment Building In Los Angeles For $1.05M

4026 Morgan Avenue
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This Other property located in CA was sold for $1,055,000 over 4 years ago. The broker of the deal was Ramin Gheitanchi

An apartment building located at 4026 Morgan Ave has been sold for a price of $1,055,000. The property spans 4,547 square feet and has a price per square foot (PPSF) of $232. It consists of 6 units, resulting in a price per unit (PPU) of $175,833. The gross rent multiplier (GRM) for the property is 12.1. This transaction took place on July 10, 2019.

Summary of transaction details

  • Property Type: Apartment building
  • Transaction Amount: $1,055,000
  • Address: 4026 Morgan Ave
  • Square Footage: 4,547
  • Price per Square Foot (PPSF): $232
  • Number of Units: 6
  • Price per Unit (PPU): $175,833
  • Gross Rent Multiplier (GRM): 12.1
  • Date of Transaction: July 10, 2019

The buyer of this property is LA Platinum Properties LLC, and the broker involved in the deal is Ramin Gheitanchi.

It is important to note that this was a distressed sale.

View Related

Deals
  • Location
    4026 Morgan Avenue, Los Angeles, CA 90011, USA4026 Morgan Avenue, Los Angeles, CA 90011, USA
  • Sale Price
    $1,055,000$1,055,000
    $232 PPSF$232 PPSF
  • Area
    4,547 SF4,547 SF
  • Asset Type
    OtherOther
  • 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: 07/10/19 ADDRESS: 4026 Morgan Ave ASSET TYPE: Apartment building PRICE: $1,055,000 SF: 4,547 PPSF: $232 UNITS: 6 PPU: $175,833 GRM: 12.1 BUYER: LA Platinum Properties LLC BROKERS: Ramin Gheitanchi NOTES: Distressed Sale.

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4026 Morgan Avenue

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