Mosser Capital Management Acquires Mixed-use Property In Westlake For $45.5M

The mixed-use property at 2619 Wilshire Boulevard in the Westlake market has been sold for $45,500,000. This transaction, which took place on December 17, 2021, involved a total of 193 units with an average price per unit of $233,160. The property is located in a prime location on Wilshire Boulevard and offers a combination of residential and commercial spaces.

Summary of transaction details

• Property Type: Mixed-use
• Transaction Amount: $45,500,000
• Address: 2619 Wilshire Boulevard
• Market: Westlake
• Units: 193
• Price per Unit (PPU): $233,160

Mosser Capital Management acquired the property from MWest Holdings. The deal was facilitated by brokers Joseph Grabiec, Kevin Green, and Greg Harris from Institutional Property Advisors, who represented the buyer and seller in the transaction. They are affiliated with Marcus & Millichap, a prominent real estate agency.

This successful acquisition further highlights the strong investment potential of the Westlake market and the desirability of mixed-use properties in prime locations. The involvement of experienced brokers in this transaction adds to the credibility and professionalism of the deal.