Menachem Dahan Acquires Multifamily Portfolio In Los Angeles From Alan Bernstein For $25.25M

This transaction involves a multifamily real estate portfolio consisting of seven properties located in the Los Angeles market, specifically in Koreatown and Westlake. The sale was finalized at a price of $25,250,000 and comprises a total of 275 units across the mentioned properties. These properties were built in the 1920s and were under the same ownership for over 25 years, operating as a self-managed portfolio until the transaction.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $25,250,000
• Buyer: Menachem Dahan
• Seller: Alan Bernstein
• Units: 275
• Brokers: Neema Ahadian & Jeff Estrada - Marcus & Millichap
• Date: 08/27/2025
• Addresses: 526 Union Drive, 2910 West 8th Street, 2819 Leeward Avenue, 839 South Wilton Place, 2268 West 14th Street, 514 Union Drive & 520 Union Drive

The Neema Group of Marcus & Millichap facilitated this transaction, marking their 11th portfolio deal in Los Angeles. Their expertise in marketing properties both collectively and individually played a vital role in maximizing the value of the portfolio for their client.