Ilona Manukian Acquires Multifamily Property In North Hollywood From Peter Newton For $3.41M

The property asset involved in this transaction is a multifamily building located at 11469 Moorpark Street in the North Hollywood market. The sale price was $3,406,680, encompassing a total of 6 units. The square footage of the property is 9,330, resulting in a price per unit of $567,780 and a price per square foot of $365.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $3,406,680
• Units: 6
• Square Feet: 9,330
• Price Per Unit: $567,780
• Price Per Square Foot: $365
• Buyer: Ilona Manukian
• Seller: Peter Newton
• Broker: Adam Feldman - Matthews Real Estate Investment Services

The deal was notable as it represents the highest price per unit in 2024 for a property subject to AB1482 statewide rent control in the San Fernando Valley, according to CoStar. Adam Feldman represented the broker in this transaction, facilitating the details between the buyer and seller.