SOLD
Michael Lai Acquires 11-Unit Multifamily Property In Los Angeles, Koreatown For $3.9M
4250 West 1st Street
MultiFamily
9,750 SF
9,750 SF
Sold 1 year ago
Summary
Sale
CALIFORNIA
MultiFamily
9,750 sqft
An 11-unit multifamily property located at 4250 W. 1st Street in Los Angeles, Koreatown, has been sold for $3,900,000. The property spans 9,750 square feet, resulting in a price per square foot of $400. The buyer, Michael Lai, acquired the asset from Tekton Investments. The transaction was facilitated by Peter Yorck, Nick Lavin, and AJ Fritts of JLL.
Summary of transaction details
- Property Type: Multifamily
- Sale Price: $3,900,000
- Square Footage: 9,750
- Price per Square Foot: $400
- Units: 11
- Price per Unit: $354,545
- Buyer: Michael Lai
- Seller: Tekton Investments
- Brokers: Peter Yorck, Nick Lavin, AJ Fritts - JLL
For more information on the trade, please contact Nick Lavin at [email protected].
Players
All
4
Agents
3
Agencies
1
Details
SOLD
IMAGE: Peter Yorck, Nick Lavin, AJ Fritts
DATE: 11/04/2020
ADDRESS: 4250 W. 1st Street
MARKET: Los Angeles, Koreatown
ASSET TYPE: Multifamily
SALE PRICE: $3,900,000
SF: 9,750 ~ PPSF: $400
UNITS: 11 ~ PPU: $354,545
BUYER: Michael Lai
SELLER: Tekton Investments
BROKERS: Peter Yorck, Nick Lavin, AJ Fritts - JLL
NOTE: Please contact Nick Lavin ([email protected]) for more info on the trade.View on map
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Address4250 West 1st Street
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