The Nest is a 2020 new construction property located at 253 S. Hoover St. in the Los Angeles market. This multifamily asset consists of 9 co-living units, totaling 40 individualized rooms with separate bathrooms and shared kitchens. The property spans 24,707 square feet and features two rooftop patios. The sale of this unique property was facilitated by Sam Liberow from TheLiberowGroup. The transaction took place on 11/06/2020 for a price of $7,191,484, making it a record-breaking sale per unit ever sold in the 90004 zip code. The price per unit was $799,054, and the price per square foot was $291.07.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $7,191,484
• Units: 9
• Price Per Unit: $799,054
• Square Footage: 24,707
• Price Per Square Foot: $291.07

Despite the challenges posed by the global pandemic, the Seller was motivated to sell The Nest due to the uncertainty in the new marketplace. Sam Liberow from TheLiberowGroup successfully navigated through these challenges and facilitated an off-market transaction. Through their extensive ownership and buyer database, they were able to achieve this record-breaking sale in the Koreatown/Westlake neighborhood.