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Avi Razmer Acquires Multifamily Property For $17.1M In Hollywood

6700 Franklin Place
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This MultiFamily property located in CA was sold for $17,072,000 about 2 years ago. The broker of the deal was Michael Sterman

Located in Hollywood, the multifamily property at 6700 Franklin Place has been sold in a recent transaction. The sale, which took place on February 15, 2022, involved a total of 42 units within the building. The property spans across 40,876 square feet and has a sale price of $17,072,000. The price per unit for this transaction stands at $406,476, while the price per square foot is estimated to be $417.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $17,072,000
  • Units: 42
  • Price per Unit: $406,476
  • Square Footage: 40,876
  • Price per Square Foot: $417
  • Address: 6700 Franklin Place
  • Market: Hollywood

The buyer of the property is Avi Razmer, while Mike Soliman acted as the seller in this transaction. The deal was facilitated by Michael Sterman from Marcus & Millichap, representing both the buyer and the seller.

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Deals
  • Location
    6700 Franklin Place, Los Angeles, California 90028, United States6700 Franklin Place, Los Angeles, California 90028, United States
  • Sale Price
    $17,072,000$17,072,000
    $417 PPSF$417 PPSF
  • Area
    40,876 SF40,876 SF
  • Asset Type
    MultiFamilyMultiFamily
  • Parties
    1 Broker, 1 Agency1 Broker, 1 Agency

Agent

Michael Sterman

Michael Sterman

Deals27
Sold$271M

Agency

Marcus & Millichap

Marcus & Millichap

Agency
Deals6999
Volume$66B

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Deal Summary

SALE IMAGE: Michael Sterman DATE: 02/15/2022 ADDRESS: 6700 Franklin Place MARKET: Hollywood ASSET TYPE: Multifamily BUYER: Avi Razmer SELLER: Mike Soliman BROKER: Michael Sterman (@MikeyLikezIt) - Marcus & Millichap SALE PRICE: $17,072,000 UNITS: 42 ~ PPU: $406,476 SF: 40,876 ~ PPSF: $417

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6700 Franklin Place

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