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2722 E 2nd St
2722 E 2nd St, Los Angeles, CA 90033, USA
$1,100,000
CLOSED
July 25, 2024
SALE PRICE
$1,100,000
UNITS
3
PRICE PER UNIT
$366,667
PRICE PER SF
$421.78
CAP RATE
6.35%
GRM
11.6
Deal Story
Selling Agent
The Tuvia Group completed the final sale of a five-property portfolio across Boyle Heights and East Los Angeles, successfully closing all five assets for the seller over a two-year period. The portfolio achieved an average $340,430 per unit and $388.65 per square foot, setting multiple pricing benchmarks in the area. The properties were largely fully renovated and stabilized, with four delivered tenant-occupied and one delivered completely vacant. The sales allowed the owner to complete his exit from the Los Angeles market and redeploy his equity into other states.


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