Westland Real Estate Group Acquires Multifamily Property In Macaurthur Park For $11.8M

The multifamily property located at 416 S Westlake Ave. & 433 Union Dr. in Macaurthur Park has been sold for a price of $11,800,000. The transaction took place on January 20, 2022. The property consists of 74 units with an average price per unit of $159,459. The total square footage of the property is 49,594, with an average price per square foot of $237.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $11,800,000
• Number of Units: 74
• Price per Unit: $159,459
• Total Square Footage: 49,594
• Price per Square Foot: $237
• Address: 416 S Westlake Ave. & 433 Union Dr., Macaurthur Park
• Buyer: Westland Real Estate Group
• Seller: Daniel Gerlach
• Seller's Representative: Robert Jacobson - Secured Properties

The sale of this multifamily property in Macaurthur Park was facilitated by Robert Jacobson from Secured Properties. Westland Real Estate Group acted as the buyer, acquiring the property from the seller, Daniel Gerlach. The transaction involved a total of 74 units, offering ample investment potential in the Macaurthur Park area. With a total square footage of 49,594, the property provides a spacious living environment for its residents. The average price per unit and per square foot further reflect the value and potential of this multifamily asset in Macaurthur Park.