Sean Daneshgar Acquires Utama Royale Multifamily Complex Near Beverly Hills For $28M

The property involved in the transaction is Utama Royale, an 18-unit luxury apartment complex located at 10351 Wilshire Boulevard in Los Angeles. The sale price of the asset was $28,000,000, with a price per unit of $1,555,556. The upscale amenities and prime location near The Los Angeles Country Club and Rodeo Drive were highlighted by CBRE, the seller's representative, in the deal.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $28,000,000
• Units: 18
• Address: 10351 Wilshire Boulevard, Los Angeles
• Market: Los Angeles
• Buyer: Sean Daneshgar
• Seller: Devonshire Delaware
• Brokers: Kamran Paydar, Laurie Lustig-Bower - CBRE; Barbara Duskin - Carolwood Estates

Sean Daneshgar purchased the luxury apartment complex from Devonshire Delaware. The brokers involved in the deal were Kamran Paydar and Laurie Lustig-Bower from CBRE, along with Barbara Duskin from Carolwood Estates. The property's proximity to The Los Angeles Country Club and Rodeo Drive added significant value to the transaction.