28-Unit Multifamily Sale on South Bronson Avenue

Tom Jonsson and Will James of CBC Advisors Broker Transaction

Los Angeles, CA (July 7, 2017)Tom Jonsson, managing principal of multifamily investment sales, and Will James, director of multifamily investment sales of Coldwell Banker Commercial Advisors (CBC Advisors) El Segundo arranged the sale of a 28-unit Multifamily complex at 1101 and 1117 South Bronson Avenue in Los Angeles, CA. The Bronson Apartments sold for a final sale price of $4,750,000. The building is adjacent to a pending high-end 30+ parcel lot subdivision project.  The property sold for 19 GRM and under a 2% cap rate. Jonsson and James represent both the buyer and seller in this transaction.

“This property has a tremendous value-add opportunity with the ability to double current rental income,” said Jonsson. “Multiple offers were generated for both parties making this property a competitive transaction.”

Tom Jonsson and Will James specialize in multifamily investment sales throughout Southern California with an emphasis in the Los Angeles County cities. Recently, Jonsson and James have been ranked among the most active South Bay multifamily agent teams and were recognized in 2017 by the Los Angeles Business Journal as Los Angeles’s “Top Multifamily Brokerage Team.”

 

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