Toluca Lake Multifamily Sells For $5M By Buyer Toluca Lake Place LLC And Seller Moorpark Terrace LLC

A multifamily property located at 10500 Moorpark St in Toluca Lake has been sold for $5,000,000. The property consists of 15 units, with a total square footage of 23,418. The price per square foot was $213.51. The transaction took place on January 24, 2020. The buyer was Toluca Lake Place LLC, while the seller was Moorpark Terrace LLC. The deal was facilitated by brokers Brett Alphin, Jennifer Okhovat, and Shane Howland from Compass California. The property received a lot of interest, with 12 offers made, and it was sold in just one week.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $5,000,000
• Address: 10500 Moorpark St
• Market: Toluca Lake
• Buyer: Toluca Lake Place LLC
• Seller: Moorpark Terrace LLC
• Brokers: Brett Alphin - Compass, Jennifer Okhovat - Compass, Shane Howland - Compass
• Price per Square Foot: $213.51
• Total Units: 15
• Price per Unit: $333,333

The sale of the multifamily property at 10500 Moorpark St in Toluca Lake was a successful transaction, with the property being sold for $5,000,000 within just one week. The property offers 15 units, totaling 23,418 square feet. The deal was handled by brokers Brett Alphin, Jennifer Okhovat, and Shane Howland from Compass California. The sale received significant interest, with a total of 12 offers made.