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The Goldfinger Group Acquires Multifamily Property In Los Angeles For $2.8M

3305 Livonia Avenue
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This MultiFamily property located in CA was sold for $2,800,000 about 2 years ago. The brokers of the deal were Dru Schroer and Michael "Mike" Salerno

The multifamily property located at 3305 Livonia Ave. in Los Angeles was recently sold for a price of $2,800,000. The property spans over an area of 8,392 square feet, resulting in a price per square foot of $333. The sale took place on March 11, 2022, and the transaction was facilitated by the buyer's representative, Dru Schroer from Central Realty Advisors, and the seller's representative, Mike Salerno from Lee and Associates. The deal was concluded with a gross rent multiplier (GRM) of 14.63 and a capitalization rate (CAP rate) of 3.9%.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $2,800,000
  • Address: 3305 Livonia Ave.
  • Market: Los Angeles

The buyers of the property were Elijah Korobkin and Maxx Feldman from The Goldfinger Group, while the seller was James R. Harris. Dru Schroer from Central Realty Advisors represented the buyers in the transaction. It is notable that this property transaction involved multiple individuals and companies, highlighting the collaborative effort behind the deal.

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Deals
  • Location
    3305 Livonia Avenue, Los Angeles, California 90034, United States3305 Livonia Avenue, Los Angeles, California 90034, United States
  • Sale Price
    $2,800,000$2,800,000
    $333 PPSF$333 PPSF
  • Area
    8,392 SF8,392 SF
  • Asset Type
    MultiFamilyMultiFamily
  • Parties
    2 Brokers, 1 Agency2 Brokers, 1 Agency

Agents

Dru Schroer

Dru Schroer

Deals3
Sold$13.3M

Agency

Lee & Associates

Lee & Associates

Agency
Deals974
Volume$10B

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Deal Summary

SALE IMAGE: Dru Schroer, Maxx FeldMan & Elijah Korobkin DATE: 03/11/2022 ADDRESS: 3305 Livonia Ave. MARKET: Los Angeles ASSET TYPE: Multifamily BUYER: The Goldfinger Group (@TheGoldfingerGroup) - Elijah Korobkin & Maxx Feldman SELLER: James R. Harris BUYER’S REP: Dru Schroer (@DruSchroer) - Central Realty Advisors SELLER’S REP: Mike Salerno - Lee and Associates SALE PRICE: $2,800,000 SF: 8,392 ~ PPSF: $333 GRM: 14.63 CAP RATE: 3.9%

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