Empire USA LLC Purchases Tarzana Multifamily Property For $8.5M

The multifamily property located at 18414 Collins St in Tarzana has been sold for $8.5 million. The transaction, which took place on April 30, 2019, involved a property spanning 27,262 square feet. With a price per square foot of $311, the property consists of 45 units, each valued at an average of $211,000.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $8.5 million
• Square Footage: 27,262
• Price per Square Foot: $311
• Number of Units: 45
• Price per Unit: $211,000

The buyer of the property is Steven Hartunian, representing Empire USA LLC. On the other side, the seller is David Smith and Diane Fannan, representing Smith Legacy LLC. The broker involved in the deal is Reza Ghobadi from Team Ghobadi.