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Michael Sterman & Jeff Louks Brokered $17.9M Sale Of Miracle Mile Multifamily

649 South Ridgeley Drive
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This MultiFamily property located in CA was sold for $17,875,000 about 4 years ago. The brokers of the deal were Michael Sterman and Jeff Louks

A multifamily property located at 649 S Ridgeley Drive in Miracle Mile has been sold for $17,875,000. The property spans 38,519 square feet and consists of 35 units, with each unit priced at $510,714. The price per square foot for the property is $464.06.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $17,875,000
  • Address: 649 S Ridgeley Drive
  • Market: Miracle Mile

The transaction was facilitated by brokers Michael Sterman and Jeff Louks. Michael Sterman and Jeff Louks represented the parties involved in the deal.

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Deals
  • Location
    649 South Ridgeley Drive, Central LA, Los Angeles, CA, USA649 South Ridgeley Drive, Central LA, Los Angeles, CA, USA
  • Sale Price
    $17,875,000$17,875,000
    $464 PPSF$464 PPSF
  • Area
    38,519 SF38,519 SF
  • Asset Type
    MultiFamilyMultiFamily
  • Parties
    2 Brokers, 1 Agency2 Brokers, 1 Agency

Agents

Jeff Louks

Jeff Louks

Deals28
Sold$279.4M

Agency

Marcus & Millichap

Marcus & Millichap

Agency
Deals6999
Volume$66B

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Deal Summary

SALE IMAGE: Michael Sterman @mikeylikezit & Jeff Louks DATE: 02/06/2020 ADDRESS: 649 S Ridgeley Drive MARKET: Miracle Mile ASSET TYPE: Multifamily PRICE: $17,875,000 SF: 38,519 PPSF: $464.06 UNITS: 35 PPU: $510,714 BROKERS: Michael Sterman, Jeff Louks

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649 South Ridgeley Drive

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