Venture Property Management Sells 47 Units for Nearly $20.1 Million

The apartments were built in 1974 on more than one-third of an acre in the West Hollywood multifamily market of Los Angeles County. (CoStar)
Veritas Investments acquired the Westbourne Venture Apartments at 727 Westbourne Drive in West Hollywood, California, for $20.05 million, or about $427,000 per unit, from Venture Property Management.
The 47-unit, 33,921-square-foot multifamily complex offers a mix of studios and one-bedroom units. It was 97% occupied at the time of sale.
Adrienne Barr and Nancy Badzey of Berkadia Real Estate Advisors represented the seller. The buyer handled the deal in-house.
Please see CoStar COMPS #6031882 for more information on this transaction.
The 47-unit, 33,921-square-foot multifamily complex offers a mix of studios and one-bedroom units. It was 97% occupied at the time of sale.
Adrienne Barr and Nancy Badzey of Berkadia Real Estate Advisors represented the seller. The buyer handled the deal in-house.
Please see CoStar COMPS #6031882 for more information on this transaction.
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