Type: Land · Sale price: $2,050,000 · Closed: October 2021
Land parcel at 1526 S Westgate Ave in West Los Angeles, sold October 2021 for $2,050,000.
2021 was LA multifamily's cyclical peak. Pricing compressed aggressively across submarkets. Transaction volume reached approximately 1,200 deals — the highest in over a decade.
This transaction is part of the Sterman Multifamily Group closed archive — over fourteen years at Marcus & Millichap.
Michael Sterman, Senior Managing Director Investments at Marcus & Millichap.
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