REBusinessOnline

Marcus & Millichap Brokers $4.3M Purchase of Apartment Building in Los Angeles

LOS ANGELES — Marcus & Millichap has arranged the acquisition of a multifamily property located at 430 S. Union Ave. in the Westlake neighborhood of Los Angeles. A private limited liability company acquired the building for $4.3 million, or $142,500 per unit.

Constructed in 1926, the building features 30 one-bedroom apartments. Rick Raymundo of Marcus & Millichap Los Angeles represented the buyer, while the Kinyan Realty represented the undisclosed seller in the deal.

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