Chelsea Novelli & Dennis Dillon of MEI Real Estate Services close escrow a 5-unit multifamily apartment complex in the City of Los Angeles. The building was 100% leased and was well-maintained by the long-term owner. The property was donated to the University of Purdue and was sold at terms exceeding the seller’s expectations. The buyer was a seasoned real estate investor that owned several buildings on the block, including the adjacent multifamily property. The building received multiple offers during it’s short time on the market, with the winning bid received during MEI’s pre-listing process.