MKJS Enterprises Sells Multifamily Portfolio In Burbank, Van Nuys, North Hollywood, Reseda, And Panorama City For $29.5M

A multifamily portfolio consisting of several properties in Burbank, North Hollywood, Van Nuys, Reseda, and Panorama City has been sold for a total price of $29,530,000. The portfolio includes the following addresses: 13850 Victory Blvd in Van Nuys, 15951 Sherman Way in Van Nuys, 7733-39 Laurel Canyon Boulevard Unit Mix in North Hollywood, 7725 Laurel Canyon Boulevard in North Hollywood, 6655 Wilkinson Avenue in North Hollywood, 17463 Vanowen Street in Van Nuys, 15352 Vanowen Street in Van Nuys, 17845 Sherman Way in Reseda, and 14154 Roscoe Boulevard in Panorama City. The total square footage for the properties is 124,337, with an average price per square foot of $237.

Summary of transation details

• Property Type: Multifamily portfolio
• Transaction Amount: $29,530,000
• Address: 13850 Victory Blvd - Van Nuys; 15951 Sherman Way - Van Nuys; 7733-39 Laurel Canyon Boulevard Unit Mix - North Hollywood; 7725 Laurel Canyon Boulevard - North Hollywood; 6655 Wilkinson Avenue - North Hollywood; 17463 Vanowen Street – Van Nuys; 15352 Vanowen Street - Van Nuys; 17845 Sherman Way - Reseda; 14154 Roscoe Boulevard - Panorama City
• Market: Burbank, North Hollywood, Van Nuys, Reseda, Panorama City
• Seller: MKJS Enterprises
• Broker: Rick E. Raymundo
• Total Square Footage: 124,337
• Price per Square Foot: $237

Rick E. Raymundo acted as the broker for the seller, MKJS Enterprises, representing them in the sale of the multifamily portfolio. This transaction showcases the expertise and negotiation skills of Rick E. Raymundo in the real estate market.