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Winstar Properties Buys Westlake Villas for $15.6M

Investor Acquires 65 Units in Los Angeles
November 9, 2017
Vaughan Properties LLC sold the 65-unit Westlake Villas at 236 S. Bonnie Brae St. in Los Angeles, CA to Winstar Properties, Inc. for $15.6 million, or approximately $240,000 per unit.

The three-story property was built in 1989 and is situated on 0.6-acre parcel. The property is comprised of 35 one-bedroom and 30 two-bedroom units.

Josh Kaplan and John Swartz of Transwestern's Los Angeles multifamily investments services group represented both parties in the sale.

Please see CoStar COMPS #4050436 for more information on this transaction.
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