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
MultiFamily
Sold 171 days ago
Summary
Sale
CALIFORNIA
MultiFamily
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
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6
Agents
4
Agencies
1
Lenders
1
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.View on map
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Address14808 Blythe Street, 14820 Blythe Street & 7918 Kester Avenue
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