Nonprofit Housing Provider Buys Multifamily Asset In Reseda For $16.3M

The multifamily property located at 18325 Saticoy Street in Reseda was sold for $16,300,000. The property consists of 52 units with a price per unit of $313,462. The total square footage of the property is 53,440, resulting in a price per square foot of $305.

Summary of transation details:

• Property Type: Multifamily
• Transaction Amount: $16,300,000
• Units: 52
• Price Per Unit: $313,462
• Square Footage: 53,440
• Price Per Square Foot: $305
• Address: 18325 Saticoy Street, Reseda

Steven Goldstein of NorthMarq represented the buyer in this transaction. On the seller's side, John Swartz and Jacqueline Carroll from Compass facilitated the deal, ensuring a successful sale of the multifamily property.