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

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.