Danny Soroudi Acquires Multifamily Property In Van Nuys For $8.1M

Danny Soroudi has purchased a multifamily property located at 13925 Sherman Way in Van Nuys. The property, consisting of 30 units, was sold by the Deutsch Family. The transaction was facilitated by broker Rick Raymundo from Marcus & Millichap. The sale price for the property was $8,090,000, resulting in a per unit price of $269,667. The total square footage of the property is 28,600, with a price per square foot of $283.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $8,090,000
• Units: 30
• Price Per Unit: $269,667
• Square Footage: 28,600
• Price Per Square Foot: $283
• Address: 13925 Sherman Way, Van Nuys
• Market: Van Nuys

The buyer, Danny Soroudi, successfully acquired the property from the Deutsch Family. Rick Raymundo, a broker from Marcus & Millichap, represented both parties in the transaction. The sale of the multifamily property marks a significant investment opportunity for Soroudi and demonstrates the expertise of Raymundo in facilitating successful property transactions.