North Hills Multifamily Sells For $4.4M With Marcus & Millichap Brokers

The multifamily property located at 15534 Chase St. in North Hills was recently sold for a total of $4,430,000. The transaction took place on February 15, 2019. The property consists of 25 units with a total square footage of 26,534. The price per unit is $177,200, and the price per square foot is $166.95. The gross rent multiplier (GRM) for this property is 11.14, and the capitalization rate (CAP RATE) is 5.11%.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $4,430,000
• Units: 25
• Price per Unit: $177,200
• Total Square Footage: 26,534
• Price per Square Foot: $166.95
• Gross Rent Multiplier (GRM): 11.14
• Capitalization Rate (CAP RATE): 5.11%

The sale of this property was facilitated by brokers Josh Yeager and Jason Tuvia from Marcus & Millichap. They represented the parties involved in this transaction.