November 16, 2017
Los angeles – 星空体育官方网址 today announces it has brokered the sale of 236 S. Bonnie Brae St., a 65-unit multifamily building in the Westlake/MacArthur Park neighborhood of Los Angeles. Winstar Properties, Inc. acquired the asset for $15.6 million. Senior Vice Presidents Josh Kaplan and John Swartz of 星空体育官方网址’s Los Angeles Multifamily Investment Services group represented the seller, a private investor, and the buyer in the off-market 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.”
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.
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