Ibrahim Safar Acquires 5-Unit MultiFamily In Van Nuys For $3.1M

A multi-family property located at 14759 Friar Street in Van Nuys has been sold for a total price of $3,100,000. The property consists of 5 units, with a price per unit of $620,000. It spans across 7,062 square feet, resulting in a price per square foot of $439.

Summary of transaction details

• Property Type: MultiFamily
• Transaction Amount: $3,100,000
• Address: 14759 Friar Street, Van Nuys
• Market: Van Nuys
• Units: 5
• Price per Unit: $620,000
• Square Footage: 7,062
• Price per Square Foot: $439

The buyer of the property is Ibrahim Safar, while the seller is Mahmoud Mortazavi. The transaction was facilitated by brokers Tony Sameyah and Reza Ghobadi from Colliers International.