Marcus & Millichap South Bay | Long Beach’s Post

Just closed! Our team represented the buyer in the successful acquisition of 4215 South Kansas Avenue, a 24-unit apartment building in South Los Angeles a half-mile from Expo Park. The building features mostly studios and is partially renovated. Our client's offer was non-contingent day one; this investor owns another asset just down the street and has confidence in this high demand rental market. This property was acquired for $104,166 per unit at a going-in cap rate above 8%. @thebogiegroupcre For more information on this sale or the local multifamily market, please contact Mitchel Cannata (424) 405-3830 or David O'Keefe (424) 405-3844. #justclosed #closings #losangelesrealestate #losangelesmultifamily #cre #marcusmillichap #realestateinvesting