SOLD
JML Real Estate Group Acquires Pico Union Multifamily For $1.01M
1452 West 20th Street
MultiFamily
4,798 SF
4,798 SF
Sold 1 year ago
Summary
Sale
CALIFORNIA
MultiFamily
4,798 sqft
Hirsch Sherman & Jared Levine of JML Real Estate Group represented the buyer in the sale of a multifamily property in Pico Union. The property, located at 1452 W 20th Street, consists of 9 units with a total square footage of 4,798. The sale price was $1,010,000, resulting in a price per square foot of $210.50. The buyer paid an average of $112,222 per unit.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,010,000
- Date: 10/24/2019
- Market: Pico Union
- Address: 1452 W 20th Street
- Square Footage: 4,798
- Price per Square Foot: $210.50
- Number of Units: 9
- Price per Unit: $112,222
Jared Levine and Hirsch Sherman, brokers from JML Real Estate Group, successfully represented the buyer in this transaction. Despite facing competition from multiple buyers, they were able to secure a credit of $165,000 for the buyer during the escrow process. The deal closed in just 8 days, and the property also offers parking for 15 cars.
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Details
SOLD
IMAGE: Hirsch Sherman & Jared Levine @jmlrealestategroup
DATE: 10/24/2019
ADDRESS: 1452 W 20th Street
MARKET: Pico Union
ASSET TYPE: Multifamily
PRICE: $1,010,000
SF: 4,798
PPSF: $210.50.50
UNITS: 9
PPU: $112,222
BROKERS: Jared Levine, Hirsch Sherman
NOTES: JML Real Estate Group | KW Commercial - Represented Buyer, Beat Out Multiple Buyers and Secured a $165,000 credit for Buyer while in escrow, Closed All Cash in 8 Days, Building also had parking for 15 cars.View on map
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Address1452 West 20th Street
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