facebook
Traded Co logo
Submit a Deal

Saul Shasha & Blair Shasha Acquire 10-Unit Multifamily In South Los Angeles For $2.5M

343 West 89th Street
PointingArrow
ShareContact

This MultiFamily property located in CA was sold for $2,475,000 over 2 years ago. The brokers of the deal were Griffin White, Ian Hollinger, Jordan Epstein, Glen Scher, and Filip (Fil) Niculete

The multifamily property located at 343 W. 89th St. in South Los Angeles has been sold. The sale took place on November 16, 2021, with a sale price of $2,475,000. The property consists of 10 units with a total square footage of 7,861. The sale price per unit was $247,500, and the price per square foot was $314. This transaction set a record for the highest price per unit ever recorded for a rent control property in the 90003 area. All 10 units in the property are occupied by Section 8 tenants and feature 2-bedroom layouts.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $2,475,000
  • Address: 343 W. 89th St., South Los Angeles
  • Market: South Los Angeles
  • Units: 10
  • Price per Unit: $247,500
  • Square Footage: 7,861
  • Price per Square Foot: $314

In this transaction, the buyers were Saul Shasha and Blair Shasha, while the sellers were James Gross and Patricia Gross. The buyer's representatives from BRC Advisors were Ian Hollinger and Griffin White. On the other hand, the seller's representatives from Marcus & Millichap were Filip Niculete, Glen Scher, and Jordan Epstein from the LAAA Team. These individuals and firms played important roles in facilitating the sale of the property.

View Related

Deals
  • Location
    343 W 89th St, South Los Angeles, Los Angeles, CA, USA343 W 89th St, South Los Angeles, Los Angeles, CA, USA
  • Sale Price
    $2,475,000$2,475,000
    $314 PPSF$314 PPSF
  • Area
    7,861 SF7,861 SF
  • Asset Type
    MultiFamilyMultiFamily
  • Parties
    5 Brokers, 2 Agencies5 Brokers, 2 Agencies

Agents

Ian Hollinger

Ian Hollinger

Deals1
Sold$2.5M

Glen Scher

Glen Scher

Deals161
Sold$624.5M

Agencies

BRC Advisors

BRC Advisors

Agency
Deals20
Volume$81.1M

Marcus & Millichap

Marcus & Millichap

Agency
Deals6999
Volume$66B

Social

Deal Summary

SALE IMAGE: Glen Scher, Filip Niculete & Jordan Epstein DATE: 11/16/2021 ADDRESS: 343 W. 89th St. MARKET: South Los Angeles ASSET TYPE: Multifamily BUYER: Saul Shasha & Blair Shasha SELLER: James Gross & Patricia Gross BUYER'S REP: Ian Hollinger & Griffin White - BRC Advisors SELLER'S REP: Filip Niculete (@FNiculete), Glen Scher (@ScherGlen) & Jordan Epstein (@Spawlding) (LAAA Team) (@LAAATeam) - Marcus & Millichap SALE PRICE: $2,475,000 UNITS: 10 ~ PPU: $247,500 SF: 7,861 ~ PPSF: $314 NOTE: 10 Units | South LA Record Breaking Sale Highest Price Per Unit Ever for a Rent Control Property in 90003 All Section 8 Tenants | 2-Bed Units

Comparables


We could not find what you were looking for, try a different filter

Contact

Broker's profile image

343 West 89th Street

  • Social

  • Comparables

  • Contact

  • Share


  • Login to Suggest Edits