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SALE PRICE: $1,365,000

6-Unit Apartment Building ​​

 

Daniel Hirth and Alex Reyhan of The Hirth Group are proud to announce the successful closing of 1329 2nd Avenue in Los Angeles, CA 90019. Located in the heart of the Mid-City submarket, this transaction represents a strong investment outcome for both buyer and seller.

The property consists of four fully remodeled units with a highly desirable unit mix, offering immediate cash flow and long-term upside. The asset traded at a 7.33% cap rate, $227,500 per unit, providing the buyer with strong in-place income and future value-add potential in one of Los Angeles’ most resilient rental markets.

This transaction was particularly meaningful as the seller was a repeat client, successfully executing another disposition, while the buyer was a first-time investor, acquiring a stabilized asset with upside in a prime Mid-City location. Through clear communication, thoughtful structuring, and hands-on guidance, the deal moved efficiently from contract to closing.

Daniel Hirth and Alex Reyhan represented both the buyer and the seller, ensuring alignment on expectations and a smooth, seamless closing. The result was a true win-win transaction and another example of The Hirth Group’s commitment to delivering exceptional outcomes for our clients.​

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