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Safco Capital Sells Multifamily Property In Los Angeles For $31.5M

326 South Reno Street
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This MultiFamily property located in CA was sold for $31,500,000 over 2 years ago. The brokers of the deal were Peyman Zargari, Omid Broukhim, and David Maghen

The multifamily property located at 326 S. Reno Street in Los Angeles was recently sold for a total price of $31,500,000. The property consists of 65 units, with an average price per unit of $484,615. The total square footage of the property is 64,245, with an average price per square foot of $490.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $31,500,000
  • Units: 65
  • Price per Unit: $484,615
  • Square Footage: 64,245
  • Price per Square Foot: $490
  • Address: 326 S. Reno Street, Los Angeles
  • Market: Los Angeles

The seller of the property was Safco Capital. The seller's representatives in the deal were Omid Broukhim from Barak Investors Group, and David Maghen and Peyman Zargari from MIP Investment Corp.

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Deals
  • Location
    326 South Reno Street, Los Angeles, CA, USA326 South Reno Street, Los Angeles, CA, USA
  • Sale Price
    $31,500,000$31,500,000
    $490 PPSF$490 PPSF
  • Area
    64,245 SF64,245 SF
  • Asset Type
    MultiFamilyMultiFamily
  • Parties
    3 Brokers3 Brokers

Agents

Peyman Zargari

Peyman Zargari

Deals4
Sold$54M

David Maghen

David Maghen

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Sold$91.7M

Omid Broukhim

Omid Broukhim

Deals3
Sold$85M

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Deal Summary

SALE IMAGE: Peyman Zargari & David Maghen DATE: 07/13/2021 ADDRESS: 326 S. Reno Street MARKET: Los Angeles ASSET TYPE: Multifamily SELLER: Safco Capital SELLER’S REP: Omid Broukhim - Barak Investors Group; David Maghen (@DavDoon) & Peyman Zargari (@Peyman.Zargari) - MIP Investment Corp. SALE PRICE: $31,500,000 UNITS: 65 ~ PPU: $484,615 SF: 64,245 ~ PPSF: $490

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326 South Reno Street

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