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

$9,100,000

Building Size

—

Asset Type

MultiFamily

Closing

Nov 13, 2023

AI

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.

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