Private Investor Acquires LeMarsh Gardens Multifamily In Chatsworth For $15.36M With Marcus & Millichap

A private investor purchased LeMarsh Gardens, an 86-unit apartment complex located at 10200 De Soto Avenue in Chatsworth, for $15.36 million. The property encompasses 85,705 square feet on a 1.69-acre site, resulting in a price per unit of approximately $178,605 and a price per square foot of about $179.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $15,360,000
• Units: 86
• Square Footage: 85,705
• Price Per Unit: $178,605
• Price Per Square Foot: $179
• Brokers: Jeff Louks, Matt Zeigler & Justin Yslas - Marcus & Millichap

The deal was facilitated by brokers Jeff Louks, Matthew Zeigler, and Justin Yslas from Marcus & Millichap, who highlighted the potential for value-add opportunities, noting that current rents are approximately 25% below market rates.