3224 Chapman St, Atwater Village

Price: $2,510,000

Units: 20

This was an interesting sale for MVI.  This area (Atwater Village/Glassell Park) was very up in the air back in 2014.  I think people are still hesitant a little bit but are opening up more to where these areas are heading.  They are no Highland Park by any  means but slowly but surely people are starting to rent in these areas.  The cost of entry for this deal in 2014 was cheap so this investor decided to pull the trigger.  The investor was right and the building traded again a year later for close to a million dollars more! Welcome to the Los Angeles multifamily market! This makes us happy when our clients get the returns they need in a short amount of time :)