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11821-11825 Goshen Avenue, 11926 Dorothy Street & 1246 Westgate Avenue
SOLD

Michael Cohanzad & Samuwel Malik Acquire Multifamily Portfolio In Brentwood & West Los Angeles For $17.1M

11821-11825 Goshen Avenue, 11926 Dorothy Street & 1246 Westgate Avenue

MultiFamily
31,373 SF
clock iconSold 1 year ago
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Summary

Sale
CALIFORNIA
MultiFamily
31,373 sqft

The recently closed transaction involves the sale of a portfolio of multifamily properties located in Brentwood and West Los Angeles. The properties include 11821-11825 Goshen Avenue, 11926 Dorothy St., and 1246 Westgate Ave. The seller, Patty Chacopolous, sold these properties off-market separately to different buyers in order to accommodate her 1031 tax deferred exchange. It is worth mentioning that this is the first time these properties have ever been sold since they were originally built by the seller.

Summary of transation details

  • Property Type: Multifamily
  • Transaction Amount: $17,165,000
  • Units: 36
  • Price per Unit: $476,805
  • Square Footage: 31,373
  • Price per Square Foot: $547

The buyers in this transaction are Michael Cohanzad and Samuwel Malik. They acquired the properties for a total price of $17,165,000. The broker representing the buyers and sellers in this deal is Michael Monempour from Kidder Mathews.

It is important to note that each property within the portfolio was sold separately, with a breakdown of the individual sale prices as follows:

  • 11821-11825 Goshen Ave.: $8,500,000
  • 11926 Dorothy St.: $4,865,000
  • 1246 S. Westgate Ave.: $3,800,000

This transaction represents a significant milestone in the market, with the properties being sold off-market and separately to accommodate the seller's 1031 tax deferred exchange. The sale of these properties reinforces the value and demand for multifamily assets in Brentwood and West Los Angeles.

Players

  • All

    2

  • Agents

    1

  • Agencies

    1

Michael Monempour's profile picture
Michael Monempour
Lyon Stahl Investment Real Estate-image
Vice President
$282.6M Sold

Details

Deal Summary
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SOLD
IMAGE: Michael Monempour DATE: 05/05/2022 ADDRESS: 11821-11825 Goshen Avenue, 11926 Dorothy St. & 1246 Westgate Ave. MARKET: Brentwood & West Los Angeles ASSET TYPE: Multifamily BUYER: Michael Cohanzad & Samuwel Malik SELLER: Patty Chacopolous BROKER: Michael Monempour (@Mike_Monem) - Kidder Mathews (@Kidder.Mathews) SALE PRICE: $17,165,000 UNITS: 36 ~ PPU: $476,805 SF: 31,373 ~ PPSF: $547 NOTE FROM BROKER: Portfolio Sale - Properties were built originally by Seller - First Time Ever Sold - Properties Sold Off Market Separately to Different Buyers to Accommodate Seller's 1031 Tax Deferred Exchange. 11821-11825 Goshen $8,500,000 11926 Dorothy $4,865,000 1246 S. Westgate $3,800,000

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Address11821-11825 Goshen Avenue, 11926 Dorothy Street & 1246 Westgate Avenue

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