Nathan Stein Acquires Valley Village Multifamily Property For $7.125M

The multifamily property located at 12015 Kling Street in Valley Village has been sold in a transaction dated 12/27/2023. The property consists of 24 units, with a price per unit of $296,875. The total square footage of the property is 23,973, resulting in a price per square foot of $297. The sale price for the property was $7,125,000.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $7,125,000
• Units: 24
• Price per Unit: $296,875
• Square Footage: 23,973
• Price per Square Foot: $297

The buyer of the property is Nathan Stein, while the seller is Jennifer Jared. The deal was facilitated by brokers David Saghian from Kidder Mathews and Michael Monempour from Lyon Stahl Investment Real Estate.