$1.49M
11700 Normandie Ave, Los Angeles
Sale Price
$1.49M
Units
6
Price/Unit
$247,750
Cap Rate
4.98%
Type
Apartment Building
Closed
September 2021
6 Units | Los Angeles | Top 5 Closing in 90044
the successful sale of this 6-unit multifamily investment property located at 11700 South Normandie Avenue in the 90044 zip code of Los Angeles.
At a closing price of $1,486,500, the achieved sales metrics for both price per unit ($247,750) and price per square foot ($407.48) rank in the top 5 highest ever in the 90044 zip code.
Through our superior marketing efforts, we were able to generate multiple offers during the first 2 weeks of the listing period. The winning buyer was in a 1031 exchange, and he wrote an all cash offer at list price with favorable terms for the Seller. The escrow went very smooth to our successful close today.
For more information about this sale, or to receive a comprehensive pricing and/or 1031 exchange analysis, please give us a call today.
Closing