Satwad Karup Acquires Multifamily Property In Tujunga From Duke Mariette For $3.1M

The multifamily asset located at 10129 Commerce Avenue in Tujunga has been sold for a total of $3,100,000. This property consists of 12 units, providing a price per unit of $258,333. The total square footage of the property is 9,944, with a price per square foot of $311.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $3,100,000
• Units: 12
• Price Per Unit: $258,333
• Square Footage: 9,944
• Price Per Square Foot: $311
• Buyer: Satwad Karup
• Seller: Duke Mariette
• Broker: Greg Alexanian - Alexanian Apartment Advisors

The transaction was facilitated by Greg Alexanian, representing Alexanian Apartment Advisors. The deal highlights the expertise involved in the multifamily real estate market, showcasing the successful interaction between the buyer, Satwad Karup, and the seller, Duke Mariette. A notable reference provided by the broker is Matthew 6:33.