Keller Williams Acquires Warner Center Multifamily In $96M Deal

The multifamily property located at 21601 Erwin St. in the Warner Center market was recently sold. The sale took place on April 29, 2022. The transaction was facilitated by Michael Koshet from LAOffmarket, who represents Keller Williams. The sale price for the property was $96,000,000. The property consists of 266 units, with an average price per unit of $360,902. The total square footage of the property is 218,113, resulting in a price per square foot of $440.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $96,000,000
• Units: 266
• Price per Unit: $360,902
• Total Square Footage: 218,113
• Price per Square Foot: $440

This sale represents a significant transaction in the Warner Center market. The involvement of Michael Koshet from LAOffmarket, representing Keller Williams, highlights the importance of having experienced brokers in such deals. The multifamily property offers a considerable number of units and ample square footage, making it an attractive investment opportunity.