|
|
8/05/24
|
A 19-unit multifamily property in Los Angeles’ Koreatown neighborhood traded for $4.24 mil, or $223k/unit. We’re told that the sale marks the highest price per unit in 2024 for properties of similar size and vintage in the area, and the highest price per square foot since October 2022.
Located at 252 S. New Hampshire Ave, the property offers good walkability to Vons, Ralph’s, Starbucks, and various restaurants. The largely stabilized asset provides an attractive going-in cash flow with significant upside potential, featuring 11 out of 19 units renovated with high-end finishes.
Mark Ventre, Darin Beebower and Dakoda Iversen with Kidder Mathews represented the seller, 252 New Hampshire Investors LLC, in the deal. The buyer was New Hampshire LLC.
|
|
 Return to the Archive page
|
|
|
|
|
Printer-friendly Version
Email an Associate
