Closed | 409 S. Union Avenue

Offering Price

Sales Price

$1,185,000

Offering Highlights

Deal Highlights

Sold for the Lowest CAP Rate Ever in Westlake.

One of Only Six Apartment Buildings to Sell in 90017 This Year.

Generated Seven Competitive Offers During Marketing, Competed with Multiple Brokerages for the Business.

Sold for the Highest GRM in Westlake History.

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Close of Escrow

11/9/2020

Units

4,526

Building SF

1950

Year Built

Walk Score

$261.82

Price/SF

$185,000

Price/Unit

2.19%

Current Cap

17.89

Current GRM

4,526

Building SF

1950

Year Built

$261.82

Price/SF

Units

4,526

Building SF

1950

Year Built

Walk Score

$261.82

Price/SF

$185,000

Price/Unit

2.19%

Current Cap

17.89

Current GRM

Potential Buildable Units

4,526

Land SF

$261.82

Price/Land SF

$185,000

Zoning

1950

Year Built

Walk Score

Download Executive Summary

Property video

Property Location

Westlake

Submarket

Lead Agent Info

Andres Diaz

Managing Director

Multifamily Investments

(323) 376-2469

Andres.Diaz@kw.com

SEE THIS AGENTS PROPERTIES >