Goren Real Estate Acquires Multifamily Property In Westlake/MacArthur Park For $4.29M

Located in the Westlake/MacArthur Park area, the multifamily property at 1136 S. Alvarado St. was recently sold in a closed transaction. The property consists of 24 units, with a total square footage of 16,113. The sale price for this unrenovated, classic early 20th-century building was $4,290,000, resulting in a price per unit of $178,750 and a price per square foot of $266. This record-breaking transaction also included the sale of an adjacent 9,381 square foot parking lot.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $4,290,000
• Units: 24
• Price per Unit: $178,750
• Square Footage: 16,113
• Price per Square Foot: $266
• Address: 1136 S. Alvarado St.
• Market: Westlake, MacArthur Park

The buyer in this transaction was Goren Real Estate, represented by Gary Goren of the same company. The sale of 1136 S. Alvarado St. was facilitated by brokers Josh Kaplan and Troy Lucero, who are affiliated with Transwestern. For more information, interested parties can reach out to them at [email protected].