LOS ANGELES, February 3, 2022 /PRNewswire/ — MWest Holdings, Inc Los Angeles-based real estate company with over 2 million square feet of residential and commercial property in the United States today announced the sale of The Enclave Apartments, a 306-unit, seven-building multi-family unit located at 13801 Paramount Boulevard in Paramount, CA Per $128.5 million.
Purchased in 2019 for $99.3 millionMWest applied its extensive knowledge to remodeling multi-family homes, performing dramatic multi-million dollar upgrades to the interiors, recreation spaces, landscaping, hallways and exterior of the unit.
“When we bought The Enclave, we saw a desirable asset with significant potential to grow revenue through a proven value-added program,” he says Karl Slowin, President of MWest Holdings. “Our team has implemented a strong renovation and improvement program that has been very well received.”
Consisting of one, two and three bedroom floorplans, a select number of the property’s interior spaces have been completely updated with quartz countertops, stainless steel appliances, hardwood plank floors, contemporary lighting and new bathroom vanities. The amenities in the common area and hallways have been updated to showcase a modern design and feature top quality fittings, fixtures and furnishings. The Enclave’s signature amenities include two fitness centers, a collaborative co-working space, ample underground parking, and a resort-style pool area with spa, private cabanas, and a patio with outdoor dining. MWest repainted the entire property, giving the exterior facade a striking visual boost.
The Enclave is the only gated community with more than 50 units in the city Outstanding in the last 30 years and one of only three communities with over 200 units in the market area. Proximity to three major freeways and the Lakewood Green Line subway station provides residents with excellent access to various distributed employment centers throughout the building Los Angeles and Orange County.
About MWest Holdings. MWest Holdings is an experienced real estate company with over 2 million square feet of residential and commercial real estate The United States. Founded in 1991, MWest is known for creating innovative development solutions that provide a sense of neighborhood and integrity and create enduring, tangible value. As a highly successful and stable property owner, MWest has consistently applied sound business practices, low leverage and strict underwriting policies to each investment opportunity. The company’s success is anchored in a philosophy that imagination is the only limiting factor to growth.
MEDIA CONTACT: Kyle Kokkales818.501.5600, [email protected]
SOURCE MWest Holdings