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Neema Ahadian Sells Westlake Multifamily Portfolio For $42M

1433 Miramar Street; 1135 South Grand View Street; 416 South Grand View Street; 733 South Coronado Street; 625 South Burlington Avenue; 323 South Burlington Avenue; 512 South Bonnie Brae Street; 1817 West 4th Street; 1812 West 5th Street; 501 South Burlington Avenue
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This MultiFamily property located in CA was sold for $42,000,000 about 4 years ago. The broker of the deal was Neema Ahadian

An investment property portfolio in Westlake has recently been sold for $42,000,000. The portfolio consists of multiple multifamily assets, including properties located at 1433 Miramar Street, 1135 South Grand View Street, 416 South Grand View Street, 733 South Coronado Street, 625 South Burlington Avenue, 323 South Burlington Avenue, 512 South Bonnie Brae Street, 1817 West 4th Street, 1812 West 5th Street, and 501 South Burlington Avenue. The total square footage of the portfolio is 177,065, resulting in a price per square foot of $237.20. The transaction involved the transfer of 300 individual units, with a price per unit of $140,000.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $42,000,000
  • Market: Westlake
  • Broker: Neema Ahadian

The broker responsible for facilitating this transaction is Neema Ahadian from The Neema Group. His expertise and negotiation skills played a crucial role in successfully closing the deal. The transaction took place on March 4, 2020.

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Deals
  • Location
    1433 Miramar Street, Central LA, Los Angeles, CA, USA1433 Miramar Street, Central LA, Los Angeles, CA, USA
  • Sale Price
    $42,000,000$42,000,000
    $237 PPSF$237 PPSF
  • Area
    177,065 SF177,065 SF
  • Asset Type
    MultiFamilyMultiFamily
  • Parties
    1 Broker, 1 Agency1 Broker, 1 Agency

Agent

Neema Ahadian

Neema Ahadian

Deals59
Sold$526.5M

Agency

Marcus & Millichap

Marcus & Millichap

Agency
Deals6999
Volume$66B

Social

Deal Summary

SALE IMAGE: Neema Ahadian @theneemagroup DATE: 03/04/2020 ADDRESS: 1433 Miramar Street; 1135 South Grand View Street; 416 South Grand View Street; 733 South Coronado Street; 625 South Burlington Avenue; 323 South Burlington Avenue; 512 South Bonnie Brae Street; 1817 West 4th Street; 1812 West 5th Street; 501 South Burlington Avenue MARKET: Westlake ASSET TYPE: Multifamily BROKER: Neema Ahadian PRICE: $42,000,000 SF: 177,065 ~ PPSF: $237.20 UNITS: 300 PPU: $140,000

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1433 Miramar Street; 1135 South Grand View Street; 416 South Grand View Street; 733 South Coronado Street; 625 South Burlington Avenue; 323 South Burlington Avenue; 512 South Bonnie Brae Street; 1817 West 4th Street; 1812 West 5th Street; 501 South Burlington Avenue

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