15424 Firmona Ave, Lawndale, CA
Sales Price: $1,625,000
Price Per Unit: $270,833
Price Per SF: $310
Cap Rate: 4.17%
Agents: Troy Reese & David O'Keefe
LAWNDALE MULTIFAMILY ASSET CLOSED AT LIST PRICE
October 6, 2020
The Bogie Group of Marcus & Millichap announced today the sale of 15424-15428 Firmona Avenue, a 6-unit apartment property on two contiguous parcels in Lawndale, CA. The asset demanded multiple offers, was under contract within two weeks of listing, and closed at list price for $1,625,000.
Troy Reese, David O'Keefe, and Steve “Bogie” Bogoyevac, investment specialists in Marcus & Millichap’s South Bay office, had the exclusive listing to market the property on behalf of the seller, a private investor, and also secured and represented the buyer.
15424-15428 Firmona Avenue comprises two single-family homes and two duplexes. All units have two bedrooms, one bathroom, laundry hookups, and a single-car garage. The asset’s current rents are well-below market rates, offering the new investor a substantial upside opportunity.