Iconic Investments is pleased to announce the sale of Del Arms Apartments, a 20-unit multi-family property in the Pico-Union submarket of Los Angeles. The property closed escrow at the list price of $2,600,000 which equates to $130,000 per unit and $264.00 per square foot. The building has been in the same family for more than 40 years. The seller offered seller-carry financing for seven years.
# of Property Tours: 11 Groups
# of Offers: 5 Offers
Range of Offers: $2.1 to $2.6 Million
HIGHLIGHTS
Sold at the List Price
All Studio Apartments
Master Metered for Gas
Seller Financing for 7-years
