Marcus & Millichap And KW Commercial Acquire Multifamily Property In Granada Hills For $12.05M

A multifamily property located at 16950 Blackhawk Street in Granada Hills has been sold for $12,050,000. The property, consisting of 57 units, spans a total area of 44,721 square feet, resulting in a price per square foot of $269.45. The purchase price per unit stands at $211,404, with a capitalization rate of 4.53% and a gross rent multiplier of 12.52.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $12,050,000
• Address: 16950 Blackhawk Street
• Market: Granada Hills
• Square Footage: 44,721
• Price per Square Foot: $269.45
• Units: 57
• Price per Unit: $211,404
• Capitalization Rate: 4.53%
• Gross Rent Multiplier: 12.52

The sale was facilitated by Rick Raymundo of Marcus & Millichap and Hooman Emanuel of KW Commercial, representing the buyer and seller respectively.