CBRE and Carolwood Estates brokered the sale of Utama Royale, a luxury 18-unit multifamily building located at 10351 Wilshire Blvd. between Beverly Hills and Westwood. The property along Wilshire Boulevard’s “Golden Mile” was acquired by Sean Daneshgar for $28 million.

EVP Laurie Lustig-Bower and first VP Kamran Paydar of CBRE and Carolwood Estates’ estates director, Barbara Duskin, represented the seller, Devonshire Delaware, Inc.

“A true trophy asset, Utama Royale is an elegant and distinctive residential building that offers an exceptional investment opportunity with tremendous upside,” said Lustig-Bower. “The building’s premier location, spacious units, and amenities make it one of the most desirable residences in Southern California.”

On April 18, join multihousing’s leaders and dealmakers when they explore the most important topics facing the Phoenix and Scottsdale markets today. Register to attend and hear expert insights first-hand, network with the best in the industry, and sit in on discussions you won’t hear anywhere else. Connect Phoenix Multifamily & Single-Family Build-to-Rent on April 18 at the Westin Kierland Resort & Spa. 

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