Cohanzad Family Acquires Multifamily Property In West Los Angeles For $9M

An apartment building located at 1821 S. Bentley Ave. in West Los Angeles has been sold in a recent transaction. The multifamily property, consisting of 15 units, was purchased by the Cohanzad Family. The seller of the property was the Grodzienski Family. The transaction was facilitated by broker Michael Monempour from Kidder Mathews. The sale price for the property was $9,000,000, which translates to a price per unit of $600,000. The total square footage of the property is 20,322, resulting in a price per square foot of $422.

Summary of transation details

• Property Type: Multifamily
• Transaction Amount: $9,000,000
• Units: 15
• Price per Unit: $600,000
• Square Footage: 20,322
• Price per Square Foot: $422
• Address: 1821 S. Bentley Ave.
• Market: West Los Angeles

The Cohanzad Family acquired the property, while the Grodzienski Family sold it. Michael Monempour of Kidder Mathews represented both parties in the transaction. This sale marks an important transaction in the West Los Angeles market, demonstrating continued activity and interest in multifamily properties.