Essential Management Acquires Multifamily Property On North Beachwood Drive For $4.2M

Located in Hollywood Hills, the multifamily property at 2150 North Beachwood Drive recently changed hands in a sale transaction. The property spans 9,175 square feet and consists of 14 units. The sale price for this transaction was $4,240,834, resulting in a price per square foot of $462.22. The buyer in this deal was Essential Management, while the seller was Ikuko Takashio. The transaction was facilitated by James Welsh and Sean Rosenzweig of Marcus & Millichap Los Angeles.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $4,240,834
• Square Footage: 9,175
• Price per Square Foot: $462.22
• Units: 14
• Buyer: Essential Management
• Seller: Ikuko Takashio
• Brokers: James Welsh, Sean Rosenzweig (Marcus & Millichap Los Angeles)

James Welsh and Sean Rosenzweig of Marcus & Millichap Los Angeles played a pivotal role in facilitating this transaction. Their expertise and negotiation skills ensured a successful outcome for both the buyer and the seller.