Evan Cramer - CPP Acquires 14-Unit Multifamily In Winnetka For $6M | 6824 Winnetka Avenue | MultiFamily | Sale

Summary

Sale

CALIFORNIA

MultiFamily

The multifamily property located at 6824 Winnetka Avenue in Winnetka was sold for $6,000,000. The property consists of 14 units, making the price per unit $428,571.

Summary of transation details:

Property Type: Multifamily
Transaction Amount: $6,000,000
Address: 6824 Winnetka Avenue
Market: Winnetka
Buyer: Evan Cramer - CPP (Community Preservation Partners)
Units: 14

CPP (Community Preservation Partners) acquired the Canoga Park Apartments, a 14-unit affordable housing development in Los Angeles. In addition to the $6,000,000 purchase price, an estimated $142,000 will be spent per unit on renovations, totaling around $11,350,000 for the entire project. This acquisition demonstrates CPP's dedication to maintaining affordable housing in Canoga Park and addressing the essential modernization requirements for residents.

Details

Deal Summary

SOLD

IMAGE: 05/02/2024 ADDRESS: 6824 Winnetka Avenue MARKET: Winnetka ASSET TYPE: Multifamily BUYER: Evan Cramer - CPP (Community Preservation Partners) SALE PRICE: $6,000,000 UNITS: 14 ~ PPU: $428,571 NOTE: CPP (Community Preservation Partners) has acquired and plans to renovate Canoga Park Apartments, a 14-unit affordable housing development in Los Angeles. The total development investment amounts to approximately $11,350,000, which includes the $6,000,000 purchase price and an estimated per unit renovation cost of $142,000. This initiative underscores CPP's commitment to preserving affordable housing in the Canoga Park neighborhood while addressing critical modernization needs for the benefit of residents.

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Address6824 Winnetka Avenue

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