Fred Gortner Acquires Multifamily Property In San Gabriel Valley For $33.6M | 1381 North San Gabriel Canyon Road, 1311 North Azusa Avenue & 1345 North San Gabriel Avenue | Eric Chen, Joyce Goldstein | MultiFamily | Sale

Summary

Sale

CALIFORNIA

MultiFamily

96,904 sqft

A multifamily property located at 1381 N. San Gabriel Canyon Rd., 1311 N. Azusa Ave., and 1345 N. San Gabriel Ave. in the San Gabriel Valley has been sold for $33,600,000. The transaction took place on August 15, 2022.

Summary of transaction details:

Property Type: Multifamily
Transaction Amount: $33,600,000
Number of Units: 116
Price per Unit: $289,655
Square Footage: 96,904
Price per Square Foot: $346
Address: 1381 N. San Gabriel Canyon Rd., 1311 N. Azusa Ave., and 1345 N. San Gabriel Ave.
Market: San Gabriel Valley

The buyer of the property is Fred Gortner, and the seller is Michael Barker. The deal was facilitated by Eric Chen and Joyce Goldstein of CBRE.

Players

All
3

Agents
2
Agencies
1

Eric Chen

Senior Vice President

$597.4M Sold

Joyce Goldstein

Director

$147.6M Sold

CBRE

Details

Deal Summary

SOLD

IMAGE: Eric Chen DATE: 08/15/2022 ADDRESS: 1381 N. San Gabriel Canyon Rd., 1311 N. Azusa Ave. & 1345 N. San Gabriel Ave. MARKET: San Gabriel Valley ASSET TYPE: Multifamily BUYER: Fred Gortner SELLER: Michael Barker BROKERS: Eric Chen (@Eric_C_Chen) & Joyce Goldstein - CBRE (@CBRE) SALE PRICE: $33,600,000 UNITS: 116 ~ PPU: $289,655 SF: 96,904 ~ PPSF: $346

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Address1381 North San Gabriel Canyon Road, 1311 North Azusa Avenue & 1345 North San Gabriel Avenue

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