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Marcus & Millichap Brokers $9.1M Sale Of 50-Unit Multifamily Portfolio In Panorama City, Los Angeles

Property Image
SOLD
$9,100,000
Elliot Sabag
Jeff Louks
Rick Raymundo
+ 1

California

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MultiFamily
Sold 11/13/2023
the dealplayerscompscontact
Property Image
SOLD

Marcus & Millichap Brokers $9.1M Sale Of 50-Unit Multifamily Portfolio In Panorama City, Los Angeles

14808 Blythe Street, 14820 Blythe Street & 7918 Kester Avenue

See Similar Deals
MultiFamily
Sold 11/13/2023
Elliot Sabag
Jeff Louks
Rick Raymundo
+ 1
the dealplayerscompscontact
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Summary

CALIFORNIA
Asset Type:MultiFamily
Transaction Type:Sale

Marcus & Millichap brokered the $9.1 million sale of a 50-unit multifamily portfolio in Panorama City, Los Angeles. The portfolio consists of three properties located at 14808 Blythe Street, 14820 Blythe Street, and 7918 Kester Avenue. The transaction took place on November 13, 2023.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $9,100,000
  • Units: 50
  • Price per Unit: $182,000
  • Market: Panorama City

The undisclosed buyer, financed by JP Morgan Chase Bank, acquired the multifamily portfolio. Rick Raymundo and Phil Rodgers represented the buyer, while the seller was represented by Jeff Louks and Elliot Sabag, all from Marcus & Millichap.

Players

Jeff Louks
Marcus & Millichap
Jeff Louks
33 deals$337.6M volume(310) 941-5899
BROKER
Rick Raymundo
Marcus & Millichap
Rick Raymundo
52 deals$417.4M volume(818) 219-6146
BROKER
Elliot Sabag
Marcus & Millichap
Elliot Sabag
12 deals$82.1M volume
BROKER
Philip (Phil) Rodgers
Marcus & Millichap
Philip Rodgers
6 deals$39.3M volume(213) 943-1800
BROKER
J.P. Morgan Chase
J.P. Morgan Chase
LENDER

Details

SOLD
IMAGE: Elliot Sabag, Jeff Louks & Rick Raymundo DATE: 11/13/2023 ADDRESS: 14808 Blythe Street, 14820 Blythe Street & 7918 Kester Avenue MARKET: Panorama City ASSET TYPE: Multifamily BROKERS: Elliot Sabag, Jeff Louks, Phil Rodgers & Rick Raymundo (@LACMultifamily) - Marcus & Millichap (@MarcusMillichapinc) LENDER: JP Morgan Chase (@JPMorgan) SALE PRICE: $9,100,000 UNITS: 50 ~ PPU: $182,000 NOTE: Marcus & Millichap brokered the $9.1 million sale of a 50-unit multifamily portfolio in Panorama City, Los Angeles. The undisclosed buyer, with financing from JP Morgan Chase Bank, was represented by Rick Raymundo and Phil Rodgers, while Jeff Louks and Elliot Sabag represented the undisclosed seller.

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