700 Levering LLC Acquires Westwood Village Multifamily For $9.75M

700 Levering Avenue in Westwood Village has been sold in a recent transaction. The multifamily property was purchased by 700 Levering LLC from Stillwell Land Company LLC. Jonathan Taksa from RE/MAX Commercial & Investment Realty, Inc. represented both parties in this deal. The property, consisting of all 2 bedroom units, is located in close proximity to UCLA. This sale marks the first time the property has ever been on the market.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $9,750,000
• Square Footage: 20,748
• Price per Square Foot: $469.92
• Market: Westwood Village
• Address: 700 Levering Avenue

This transaction in Westwood Village involved the sale of a multifamily property. The property consists of all 2 bedroom units, making it suitable for student housing. With its proximity to UCLA, it is likely to attract tenants from the university community. The sale price of $9,750,000 exceeded the listed price, indicating strong demand for this type of property in the area.