Samimi CRE Advisors
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    Closed Case Study

    847 East 24th Street, Los Angeles, CA

    847 E 24th St, Los Angeles — 8-Unit Multifamily Sold $960,000

    847 East 24th Street, Los AngelesClosed —Represented Buyer & Seller Representation
    847 East 24th Street — closed by Cameron Samimi

    Price

    $960,000

    Units

    8

    $/Unit

    $120,000/unit

    Type

    multifamily

    Deal summary

    847 East 24th Street, Los Angeles, CA is a 8-unit multifamily property that sold for $960,000 ($120,000/unit) in —. Cameron Samimi of Samimi CRE Advisors represented the Buyer & Seller Representation in the transaction.

    The Challenge

    My client, Lucille Gonzalez, was actively seeking an 8-unit multifamily property in Los Angeles below $1 million. Finding an asset at this price point that still offered upside potential was the primary hurdle. The market's competitiveness for well-located income properties made this a significant task.

    What We Did

    I leveraged my extensive network to identify off-market opportunities and properties on the verge of listing. I presented the 847 East 24th Street property, highlighting its current cash flow and the opportunity to increase rents. We moved quickly to secure the asset, advising on a strong offer that reflected its value and positioned us favorably.

    The Result

    Lucille successfully acquired the 8-unit multifamily building at 847 East 24th Street in Los Angeles for $960,000. This acquisition, priced at $120,000 per unit, met her investment criteria perfectly. The transaction closed efficiently, securing a strong asset with significant upside for her portfolio.

    Verified coverage

    This closing was reported by Traded.

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