Premier Business Centers




The Small Space Marketplace

List Your Space

Find Space

Home About Us Executive Subscriber Membership RENTV Conferences Newsletter Contact Us Advertise
December 10, 2017
 Search RENTV
   Go!
 Video Programs
 News
News Home Page
Southern California
Northern California
Pacific Northwest
Texas/Southwest
Retail
Multifamily
Financing
Prop. Management
Archives
Press Releases
 R. E. Marketplace
Service Providers
JobWorks
Property Spotlight
 RENTV  Conferences
Subscriber Login:
  
Email      
    Go!
Password      
Forgot Password?



SOUTHERN CALIFORNIA NEWS
Printer-friendly Version   Email an Associate
65-Unit Asset in LA’s Westlake/MacArthur Park Area Fetches $240k/Unit

11/20/17

In an LA-area apartment sales comp, Winstar Properties Inc paid $15.6 mil for a 65-unit ($240k/unit) asset at 236 S. Bonnie Brae St, in the city’s Westlake/MacArthur Park neighborhood. The property was sold by a private investor in an off-market deal.

236 S. Bonnie Brae St is the second-largest apartment building in terms of number of units to trade this year in Westlake/MacArthur Park. Josh Kaplan and John Swartz of Transwestern’s Los Angeles Multifamily Investment Services group represented the seller in the transaction.

“With apartment pricing continuing to increase in Koreatown, Silver Lake/Echo Park and East Hollywood, the Westlake/MacArthur Park area continues to mature into a popular, less expensive alternative for investors,” said Kaplan. “The proximity to Downtown Los Angeles and easy access to major freeways are also contributing factors to increased multifamily investor interest in this area.”




Return to the previous page
 


 


 


 
 





Home | About Us | Newsletter | Contact Us | Executive Subscriber Membership | Executive Subscriber Home | Advertise
Southern California | Northern California | Pacific Northwest | Southwest | Retail | Multifamily | Financing | Property Management
Archives | Press Releases | Service Providers | JobWorks | Property Listings

Copyright © 2017 by RENTV, All Rights Reserved
Website designed by Regency Web Services, Inc. and powered by Lightning Media