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7804-7808 S Western Ave

7804 S Western Ave, Los Angeles, CA 90047, USA

$670,000

CLOSED

July 18, 2024

SALE PRICE

$670,000

UNITS

4

PRICE PER UNIT

$167,500

PRICE PER SF

$398.81

CAP RATE

6.67%

GRM

10.2

Deal Story

Selling Agent

The Tuvia Group successfully closed a South Los Angeles fourplex despite significant deferred maintenance and permitting challenges, achieving an impressive $425.60 per square foot. Throughout escrow, the team navigated extensive property issues involving plumbing, electrical, sewer, pest concerns, unit deterioration, and permitting. The transaction ultimately closed with one unit delivered vacant, creating additional value for the local deep value-add buyer, who planned to renovate the property one unit at a time and capitalize on renewed Section 8 rents.

Jason Tuvia

Senior Managing Director Investments

(818) 212-2735

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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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