Description
We represented the buyer in the $3,890,000 acquisition of this fully renovated 8-unit multifamily property in highly sought-after West Los Angeles. Our client secured the property for $110,000 less than the sellers paid approximately four years ago, despite the sellers investing over $1M in recent improvements, including new plumbing, electrical, walls, flooring, and other substantial upgrades.
The property is comprised of four 2-bedroom/2-bath units and four 1-bedroom/1-bath units with parking and offers a strong 6% cap rate. After researching dozens of opportunities, our team identified and negotiated a compelling deal in today’s buyer-friendly market. Following the acquisition, our client has also entrusted our team with the continued management of the property.
Whether you’re looking to buy or sell multifamily property in Los Angeles, our team brings the market knowledge and experience to identify opportunities, negotiate strategically, and maximize value. From acquisition and disposition to ongoing property management, we’re here for every step.
Details
- Property Type: Multifamily
- Property Status: Sold
- Price: $3,890,000
- Number of Units: 8
Address
Open on Google Maps- Address 1334 Barry Ave
- State/county California
- Zip/Postal Code 90025
- Area West LA
