Neema Ahadian Sells Westlake Multifamily Portfolio For $42M

An investment property portfolio in Westlake has recently been sold for $42,000,000. The portfolio consists of multiple multifamily assets, including properties located at 1433 Miramar Street, 1135 South Grand View Street, 416 South Grand View Street, 733 South Coronado Street, 625 South Burlington Avenue, 323 South Burlington Avenue, 512 South Bonnie Brae Street, 1817 West 4th Street, 1812 West 5th Street, and 501 South Burlington Avenue. The total square footage of the portfolio is 177,065, resulting in a price per square foot of $237.20. The transaction involved the transfer of 300 individual units, with a price per unit of $140,000.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $42,000,000
• Market: Westlake
• Broker: Neema Ahadian

The broker responsible for facilitating this transaction is Neema Ahadian from The Neema Group. His expertise and negotiation skills played a crucial role in successfully closing the deal. The transaction took place on March 4, 2020.