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4953 Gambier St

4953 Gambier St, Los Angeles, CA 90032, USA

$1,200,000

CLOSED

July 18, 2024

SALE PRICE

$1,200,000

UNITS

6

PRICE PER UNIT

$200,000

PRICE PER SF

$248.14

CAP RATE

5.05%

GRM

11.23

Deal Story

Selling Agent

The Tuvia Group successfully closed a challenging 6-unit El Sereno multifamily property that had remained under the same family ownership for 40 years. Despite habitability claims, significantly below-market rents, and substantial deferred maintenance, the team sourced a local all-cash buyer and closed in just over 30 days. The property traded at a 5.05% cap rate—the lowest recorded cap rate in El Sereno since February 2023—allowing the sellers to transition their equity into five single-family homes in Arizona while the buyer moved forward with plans to renovate and stabilize the asset.

Jason Tuvia

Senior Managing Director Investments

(818) 212-2735

Kian Maronde

Associate Director Investments

(818) 212-2651

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Contact

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Social

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818-212-2735

Marcus & Millichap

16830 Ventura Blvd #100

Encino, CA 91346

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License

#01772495

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