Schneider Family Trust Sells 37-Unit Multifamily Portfolio In San Fernando Valley For $11.2M

A multifamily property located at 15042-46 Dickens Street and 21133 Saticoy Street in San Fernando Valley, Los Angeles County has been sold. The property consists of 37 units with a price per unit (PPU) of $302,702. The total square footage (SF) is 38,820 with a price per square foot (PPSF) of $288. The sale was completed by the Schneider Family Trust as the seller, with Dana Brody from The Brody Group - Marcus & Milllichap acting as the broker.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $11,200,000
• Units: 37
• PPU: $302,702
• SF: 38,820
• PPSF: $288
• Market: San Fernando Valley, Los Angeles County

The Brody Group, represented by Dana Brody, was exclusively chosen to market and sell the two multifamily properties. The portfolio comprised of 27 units, with 16 units located South of the Boulevard at 15042-46 Dickens Street, and 21 units in Canoga Park at 21133 Saticoy Street. Multiple offers were generated for the portfolio, resulting in a sale at 100% of the asking price. Furthermore, The Brody Group is facilitating the seller's 1031 exchange into 108 units out of state. For more information on how The Brody Group can help maximize property value and explore 1031 exchange opportunities, please contact Dana Brody at 310-849-8151.