Alliance Residential Company Acquires Multifamily Asset From Mapletree In Los Angeles For $30.15M

The asset involved in this transaction is a multifamily property located at 5659 West 8th Street in the Los Angeles market. The sale price for this property was $30,150,000, and it encompasses a total square footage of 77,940, resulting in a price per square foot of $387.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $30,150,000
• Address: 5659 West 8th Street
• Market: Los Angeles
• Square Footage: 77,940
• Price per Square Foot: $387
• Buyer: Alliance Residential Company
• Seller: Mapletree
• Brokers: Kevin Shannon, Chris Benton, Anthony Muhlstein, Kevin Donner & Gabe Munson - Newmark

The deal involved key individuals and firms including Alliance Residential Company as the buyer and Mapletree as the seller, with the transaction executed through the brokerage of Kevin Shannon, Chris Benton, Anthony Muhlstein, Kevin Donner, and Gabe Munson of Newmark, highlighting the collaborative effort in this multifamily asset transaction.