Virtu Investments Acquires Warner Center Multifamily For $70.5M

A multifamily property located at 21425 W. Vanowen Street in Warner Center was recently sold for a total price of $70,500,000. The property spans a total area of 171,288 square feet, with a price per square foot of $411. It consists of 174 units, with an average price per unit of $408,000.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $70,500,000
• Address: 21425 W. Vanowen Street
• Market: Warner Center
• Size: 171,288 square feet
• Price per square foot: $411
• Number of Units: 174
• Price per unit: $408,000

The seller of the property was Cityview, represented by Sean Burton. The buyer, Virtu Investments, was represented by Michael Green and Scott McWhorter. The transaction was facilitated by Joseph Smolen and Mark Peterson of Eastdil Secured.