Sagiv Rosano Acquires 37-Unit Multifamily Property On S. Lake Street In Westlake For $5.36M

The multifamily property located at 1214 S. Lake Street in Westlake has been sold in a closed transaction. The property consists of 37 units with a total square footage of 20,460. The sale price for this transaction was $5,360,000, resulting in a price per unit of $144,864 and a price per square foot of $261. The deal was closed with a capitalization rate (CAP) of 4.04%.

Summary of transation details

• Property Type: Multifamily
• Transaction Amount: $5,360,000
• Address: 1214 S. Lake Street
• Market: Westlake
• Units: 37
• Price per Unit: $144,864
• Square Footage: 20,460
• Price per Square Foot: $261
• Capitalization Rate (CAP): 4.04%

The buyer for this transaction is Sagiv Rosano, while the seller is Peter Larsen. The deal was facilitated by brokers Neema Ahadian and Leo Laterza.