Elie Sassine Purchases Multifamily Building In Van Nuys For $4.8 Million From Ali Vahdani

The property asset involved in the transaction is located at 13907 Vanowen Street in Van Nuys. The multifamily asset comprises 25 units, with a sale price of $4,800,000. The total square footage of the property is 15,377, which equates to a price per unit of $192,000 and a price per square foot of $312.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $4,800,000
• Address: 13907 Vanowen Street
• Market: Van Nuys
• Units: 25
• SF: 15,377
• PPU: $192,000
• PPSF: $312
• Buyer: Elie Sassine
• Seller: Ali Vahdani
• Seller's Rep: Daniel Withers - Matthews Real Estate Investment Services; Jeffrey Louks & Brett Sanson - Marcus & Millichap

The transaction was facilitated by the seller's representatives, including Daniel Withers from Matthews Real Estate Investment Services, and Jeffrey Louks along with Brett Sanson from Marcus & Millichap, representing the interests of the seller, Ali Vahdani, in the deal.