Ray Rodriguez Acquires Multifamily Property In Granada Hills For $1.85M

The multifamily property located at 17093 Chatsworth St. in Granada Hills has been sold for $1,850,000. The transaction took place on April 2, 2021, and the property consists of 8 units. The price per unit for this sale equates to $231,250. The total square footage of the property is 6,461, resulting in a price per square foot of $308. With a capitalization rate of 4.25%, this property represents a valuable investment opportunity in the Granada Hills market.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $1,850,000
• Units: 8
• Price Per Unit: $231,250
• Square Footage: 6,461
• Price Per Square Foot: $308
• Capitalization Rate: 4.25%

This transaction was facilitated by Ray Rodriguez from Ray Rodriguez Real Estate. His expertise and representation were pivotal in the successful completion of this sale. Heather Boren also played a significant role in the deal process. The involvement of these professionals demonstrates the importance of experienced brokers in navigating real estate transactions.