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4/17/15
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Linda May Manor, a 32-unit, brick apartment building in LA’s Miracle Mile area, sold for $5.7 mil, or about $178k per unit. The property is located at 456 South Cochran Ave, a block north of Wilshire Blvd and a couple of blocks west of La Brea Ave.
The property had been owned by the same family for more than 40 years, and required that 17 family members be considered in conducting the transaction. The brick, four-story building has no parking and 75% of the units are single apartments.
Rich Johns of KW Commercial represented the buyer and the seller in the transaction.
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