8 Units | West LA | Over 1.1M Per Unit
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The LAAA Team of Marcus & Millichap is proud to announce this incredible sale of this 2019 built new construction 8-unit apartment building in prime West Los Angeles, less than one block from Wilshire Blvd and the Brentwood Neighborhood.
All-Time Record Books
This $8.99M sale has cemented itself into the all-time record books with a staggering price per unit of $1,123,750, joining the small group of multifamily properties to ever sell for more than $1.1M per unit.
According to CoStar's all-time sale records for multifamily sales in the Los Angeles market, there have been a total of 14 multifamily properties that have sold for more than $1.1M per unit, and this sale is now the 15th property to pass that threshold.
Furthermore, the other 14 properties in this category were either condo-mapped properties or they were in better locations than this West LA apartment building. Specifically, those other sales were in areas like West Hollywood, Beverly Hills, Westwood, or they were walkable to the beach in places like Malibu, Santa Monica, and Hermosa Beach. With regards to all-time sales records in West Los Angeles specifically, this is the #1 highest price per unit ever achieved.
The LAAA Team of Marcus & Millichap is proud to announce this incredible sale of this 2019 built new construction 8-unit apartment building in prime West Los Angeles, less than one block from Wilshire Blvd and the Brentwood Neighborhood.
All-Time Record Books
This $8.99M sale has cemented itself into the all-time record books with a staggering price per unit of $1,123,750, joining the small group of multifamily properties to ever sell for more than $1.1M per unit.
According to CoStar's all-time sale records for multifamily sales in the Los Angeles market, there have been a total of 14 multifamily properties that have sold for more than $1.1M per unit, and this sale is now the 15th property to pass that threshold.
