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Stepp Commercial Brokers Sell 8-Unit Multifamily Property In Koreatown For $2.85M

821 South Gramercy Drive
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This MultiFamily property located in CA was sold for $2,850,000 about 3 years ago. The brokers of the deal were Kimberly Stepp and Len Kay

An eight-unit multifamily property located at 821 S. Gramercy Drive in Koreatown has been sold for $2,850,000. The property was sold on 01/21/2021, and it is situated in a prime location in Koreatown. The sale price per unit was $317,000.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $2,850,000
  • Units: 8
  • Price per Unit (PPU): $317,000

The sale of this multifamily property was facilitated by brokers Kimberly R. Stepp and Len Kay from Stepp Commercial. They represented the parties involved in the transaction and played a vital role in the successful completion of the deal.

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Deals
  • Location
    821 South Gramercy Drive, Los Angeles, CA, USA821 South Gramercy Drive, Los Angeles, CA, USA
  • Sale Price
    $2,850,000$2,850,000
    $354 PPSF$354 PPSF
  • Area
    8,047 SF8,047 SF
  • Asset Type
    MultiFamilyMultiFamily
  • Parties
    2 Brokers, 1 Agency2 Brokers, 1 Agency

Agents

Len Kay

Len Kay

Deals1
Sold$2.9M

Agency

Stepp Commercial

Stepp Commercial

Agency
Deals40
Volume$371.1M

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Deal Summary

SALE IMAGE: Len Kay, Kimberly R. Stepp DATE: 01/21/2021 ADDRESS: 821 S. Gramercy Drive MARKET: Koreatown ASSET TYPE: Multifamily BROKERS: Kimberly R. Stepp & Len Kay @Stepp_Commercial SALE PRICE: $2,850,000 UNITS: 8 ~ PPU: $317,000

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821 South Gramercy Drive

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