Type: Land · Sale price: $2,410,000 · Closed: June 2023
Land parcel at 10401 S Figueroa St in Los Angeles, sold June 2023 for $2,410,000.
2023 was LA multifamily's transaction trough. Annual volume of $4.6B was a fifteen-year low as rates climbed and bid-ask spreads widened.
This transaction is part of the Sterman Multifamily Group closed archive — over fourteen years at Marcus & Millichap.
Michael Sterman, Senior Managing Director Investments at Marcus & Millichap.
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