Bobby Nooravi Acquires Multifamily Property In San Fernando Valley For $3.24M

Located in the vibrant San Fernando Valley market, the multifamily property at 18321-18325 Malden St. has recently changed hands in a sale transaction. The property offers a total of 16 units, with an average price per unit of $202,500. Spanning across 11,406 square feet, the property boasts a price per square foot of $284. The sale price for this transaction amounted to $3,240,000, resulting in a cap rate of 4.2%.

Summary of Transaction Details:

• Property Type: Multifamily
• Transaction Amount: $3,240,000
• Units: 16
• Price per Unit: $202,500
• Square Footage: 11,406
• Price per Square Foot: $284
• Cap Rate: 4.2%

Bobby Nooravi acquired the property, purchasing it from the seller, Bertha Vasquez. Facilitating the transaction was broker Blas Fernandez from Blas Property Group, who represented both parties involved. This successful transaction underscores the expertise and professionalism of Blas Fernandez and the strong market demand for multifamily properties in the San Fernando Valley.