JUST SOLD ~ 8 UNITS IN KOREATOWN
Peter Strauss of Iconic Investments sold 855 Irolo Street in Koreatown on behalf of a longtime client Berta Sosa. The multi-family property changed hands for $1.5 million in an all-cash transaction.
Peter has known the seller, Berta Sosa, for over 15 years. Mrs. Sosa always promised him that, when the time came, he would be the one to sell the building. She received an unsolicited offer from another real estate agent who expected to represent both the seller and the buyer. But she immediately called Peter and asked him to represent her knowing he would look out for her best interest.
Sale Highlights:
- Sold at $1,500,000
- All Cash - 30 Day Close of Escrow
- 16.53 GRM and a 3.00% Cap Rate
855 IROLO STREET, LOS ANGELES CA 90005 8 APARTMENT UNITS
PETER STRAUSS
Iconic Investments
16530 Ventura Blvd
Suite #409
Encino, CA 91436
T: 747-444-3303
E: peter@iconicinv.com
W: www.iconicinv.com
ICONIC INVESTMENTS
Iconic is a commercial real estate brokerage firm focusing on multi-family (apartment) buildings within the Los Angeles MSA. Iconic represents apartment building owners with the sale of their investment properties.