Sam Bornstein Acquires Multifamily Properties From Elmer Anderson For $6.1 Million In Los Angeles

The transaction involved a multifamily asset located at 1909 Buckingham Road & 4646 Coliseum Street in the Los Angeles market. This portfolio sale comprised a total of 34 units and offers a price per unit of $179,411. The properties have a combined square footage of 29,804, equating to a price per square foot of $204. The sale was completed on April 4, 2025, with a total transaction amount of $6,100,000.

Summary of transation details:

• Property Type: Multifamily
• Transaction Amount: $6,100,000
• Units: 34
• Price Per Unit: $179,411
• Square Footage: 29,804
• Price Per Square Foot: $204
• Buyer: Sam Bornstein
• Seller: Elmer Anderson
• Brokers: Chase Simonton & Robert Carlile - Re/Max One Commercial

This transaction was characterized by a smooth process for the seller, with the buyer successfully closing on both properties listed on the open market. The brokers involved represented the interests of their respective clients in the deal.