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Jerry Wise - BRAD Management Acquires Beverly Grove Multifamily For $2.55M

6439 Orange Street
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This MultiFamily property located in CA was sold for $2,550,000 almost 3 years ago. The brokers of the deal were Nicholas Ensbury, Mike Millea, and Martin Ensbury

A multifamily property located at 6439 Orange St. in Beverly Grove has been sold for $2,550,000. The property consists of 12 units with a price per unit of $212,500. Spanning across 7,376 square feet, the property was sold at a price per square foot of $345. The transaction resulted in a capitalization rate of 5.19%.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $2,550,000
  • Units: 12
  • Price per Unit: $212,500
  • Square Footage: 7,376
  • Price per Square Foot: $345
  • Capitalization Rate: 5.19%

The buyer of the property was Jerry Wise, represented by BRAD Management. The transaction was facilitated by brokers Martin Ensbury, Mike Millea, and Nicholas Ensbury from The Ensbury Group of KW Commercial. The lending for the deal was provided by Tyler Virgadamo from Marcus & Millichap Capital Corp.

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Deals
  • Location
    6439 Orange St, Central LA, Los Angeles, CA, USA6439 Orange St, Central LA, Los Angeles, CA, USA
  • Sale Price
    $2,550,000$2,550,000
    $345 PPSF$345 PPSF
  • Area
    7,376 SF7,376 SF
  • Asset Type
    MultiFamilyMultiFamily
  • Parties
    3 Brokers, 1 Agency3 Brokers, 1 Agency

Agents

Nicholas Ensbury

Nicholas Ensbury

Deals2
Sold$26.5M

Agency

Keller Williams

Keller Williams

Agency
Deals1206
Volume$6B

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Deal Summary

SALE IMAGE: Michael Millea @BrentGibro, Nick Ensbury @NEnsbury, Martin Ensbury DATE: 04/13/2021 ADDRESS: 6439 Orange St. MARKET: Beverly Grove ASSET TYPE: Multifamily BUYER: Jerry Wise - BRAD Management BROKERS: Martin Ensbury, Mike Millea & Nicholas Ensbury @NEnsbury (The Ensbury Group) - KW Commercial LENDER: Tyler Virgadamo - Marcus & Millichap Capital Corp. SALE PRICE: $2,550,000 UNITS: 12 ~ PPU: $212,500 SF: 7,376 ~ PPSF: $345 CAP: 5.19%

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6439 Orange Street

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