Mar Aratas Acquires Multifamily Property At 13015 Vanowen Street North Hollywood For $2.175M

The property involved in this transaction is a multifamily asset located at 13015 Vanowen Street in North Hollywood. It was sold for a total amount of $2,175,000. The property comprises 10 units, with each unit priced at approximately $217,500. The overall square footage of the asset is 4,811, resulting in a price per square foot of $452.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $2,175,000
• Units: 10
• Price Per Unit: $217,500
• Square Footage: 4,811
• Price Per Square Foot: $452
• Buyer: Mar Aratas
• Seller: Richard Losan
• Broker: Akash Saini & Spartak Poghosyan - Keller Williams Realty

The brokers involved in the deal are Akash Saini and Spartak Poghosyan, representing Keller Williams Realty. They effectively positioned the property to attract a sophisticated buyer who aimed to leverage its Value-Add and ADU potential. A note from the brokers highlights their client-first approach, emphasizing strategy and execution to elevate their clients' opportunities.