Lazer Engel Purchases 17 Unit Multifamily Property From Thomas Safford For $2.35M

The property asset involved in this transaction is a multifamily building located at 13412 Vanowen Street in the Van Nuys market. The sale price of the property was $2,350,000, comprising 17 units. The total square footage of the asset is 10,710, resulting in a price per square foot of $219 and a price per unit of $138,235.

Summary of transation details:

• Property Type: Multifamily
• Transaction Amount: $2,350,000
• Address: 13412 Vanowen Street
• Market: Van Nuys
• Units: 17
• Square Footage: 10,710
• Price per Unit: $138,235
• Price per Square Foot: $219
• Buyer: Lazer Engel
• Seller: Thomas Safford
• Brokers: John Sarna & Chase Simonton - Re/Max One Commercial

The key individuals involved in this transaction include the buyer, Lazer Engel, and the seller, Thomas Safford. The deal was facilitated by brokers John Sarna and Chase Simonton, representing the agents from Re/Max One Commercial in the transaction.