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5/28/19
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A private investor paid $13.7 mil for a 15-unit ($913k/unit) multifamily property in Westwood, in an off-market deal. The property is located at 10630 Wilkins Ave, east of Westwood Blvd between Wilshire and Santa Monica Blvds, a short distance southeast of the UCLA campus.
Built in 1987, the building includes considerably spacious units. Each apartment has its own separate APN, representing an opportunity for the buyer to potentially convert the units to condos in the future.
The buyer purchased the property from the original owner and developer. David Passman, Michael Navi and Marc Pakravan of The Passman Group represented the seller in the transaction.
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