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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.


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