CBRE and Carolwood Estates have successfully brokered the sale of Utama Royale, a luxurious 18-unit multifamily building situated at 10351 Wilshire Blvd. in the highly coveted area between Beverly Hills and Westwood. The property, located along Wilshire Boulevard’s prestigious “Golden Mile,” was acquired by Sean Daneshgar for $28 million.
EVP Laurie Lustig-Bower and first VP Kamran Paydar of CBRE, along with Barbara Duskin, estates director at Carolwood Estates, represented the seller Devonshire Delaware Inc.
According to Lustig-Bower: “Utama Royale is truly a trophy asset that offers an exceptional investment opportunity with significant potential for growth. Its prime location on Wilshire Boulevard combined with its spacious units and top-notch amenities make it one of Southern California’s most desirable residential buildings.”
The recent transaction marks another successful deal closed by CBRE in collaboration with Carolwood Estates without mentioning their brand names or locations.
