Phillip Illoulian Acquires Beverlywood Multifamily At 1440 Rexford Dr. For $10.5M

A multifamily property located at 1440 Rexford Dr. in Beverlywood has been sold for a price of $10,500,000. The property consists of 17 units, with an average price per unit of $617,647. The total area of the property is 22,327 square feet, resulting in a price per square foot of $470.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $10,500,000
• Units: 17
• Price per Unit: $617,647
• Square Footage: 22,327
• Price per Square Foot: $470
• Address: 1440 Rexford Dr.
• Market: Beverlywood

The buyer of the property is Phillip Illoulian, while the sellers are Julie Spielman and Steven Cohen. Richard Ringer and Yana Vlady represented the buyer in the deal, and Richard Ringer, James Gilb, and Mike Salerno represented the sellers.