Gary Leshgold Of The Lighthouse Group Purchases 218-Unit Multifamily At 1714 North McCadden Place For $73.9M

The property asset involved in this transaction is a multifamily complex located at 1714 North McCadden Place in Los Angeles, which consists of 218 units. The sale price achieved for this property was $73,900,000, representing a price per unit of $338,991. The property has been rebranded as Fusion Encore Hollywood following the acquisition.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $73,900,000
• Buyer: Gary Leshgold - The Lighthouse Group
• Seller: New York Life Real Estate Investors
• Broker: Cushman & Wakefield
• Lender: KeyBank
• Units: 218
• Price Per Unit: $338,991

Key individuals involved in this deal include Gary Leshgold, representing The Lighthouse Group as the buyer, and New York Life Real Estate Investors as the seller. Cushman & Wakefield facilitated the transaction, and KeyBank provided financing amounting to $52 million.