1253 Federal Ave | Los Angeles, CA 90025

Written By Michael Monempour

SALE PRICE: $2,100,000

PRICE/UNIT: $297K          PRICE/SF: $371                  GRM: 10.52                 CAP RATE: 6.00%

TRANSACTION HIGHLIGHTS

  • A+ PRIME West LA location adjacent to Brentwood

  • CLOSE proximity to plethora of fine dining, shopping, and entertainment options

  • THREE Units being delivered vacant at the close of escrow

  • OBTAINED an absolute non contingent offer with 97% of the list price

  • BUYER agreed to immediately release 5% as a non refundable deposit to cooperate with their 1031 tax deferred exchange

  • BUYER + Seller represented by Michael Monempour

  • FIRST time the property has been on the marketing in 30+ years

  • COMPLETED Earthquake Seismic Retrofit

  • TOTAL of 9 offers received - on the market for two weeks

  • EXCELLENT unit mix consisting of (1) 3BR/2BA, (1) 2BR/2BA, (1) 2BD/1.5BA, (5) 1BA/1BA and 1 studio unit

 
Free Property Valuation
Michael Monempour
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