On January 15, Wolf Baschung, CCIM, CPM, and President of MW Real Estate Group, in association with KW Commercial closed the sale of a 7 town home, 7,057 sq. feet multifamily complex located at 7721 St. Bernard Street, Playa del Rey, CA. The property traded at $2,050,000 or $292,857 per unit and 13.64 times the annual income. Built in 1962, the complex consists of six 2-bed/1.5 bath two level town homes and one 2-bed/2 bath unit. Baschung represented buyer and seller in this transaction.
“Buyer and seller were both very satisfied with this transaction,”
To conclude the stellar week, Baschung also closed the first of a USC student housing portfolio consisting of six separate 1920’s properties under five units being sold in a short sale. The first, a small duplex close to North University Park with seven USC student rooms, sold for $230,000. Again, Baschung represented both buy and seller.
Founded in 2010, MW Real Estate Group, headed by President Wolf Baschung, CCIM, CPM, prides themselves on relentlessly striving to provide their clients with the most cost efficient real estate solutions in terms of investing, buying and selling, and property management.
In February of 2011, MW Real Estate Group joined forces with KW Commercial Los Feliz/Downtown LA, combining the best of both companies’ state-of-the-
To learn more about the services offered by MW Real Estate, view their blog or get in contact with Mr. Baschung or one of the other team members, visit www.mwrealtyla.com.
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