Marcus & Millichap Sells Woodland Hills Multifamily For $2.7M With Buyer's Rep Filip Niculete And Seller's Rep Glen Scher

Located at 22425 Del Valle St in Woodland Hills, this multifamily property was recently sold for a price of $2,725,000. With a total area of 6,191 square feet, this property offers a cost of $440.15 per square foot. The property consists of 5 units, with each unit having an average price of $545,000. The capitalization rate for this transaction is 4.43% and the gross rent multiplier is 15.28.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $2,725,000
• Square Footage: 6,191
• Price per Square Foot: $440.15
• Number of Units: 5
• Price per Unit: $545,000
• Capitalization Rate: 4.43%
• Gross Rent Multiplier: 15.28

The sale of this property was facilitated by Filip Niculete, Glen Scher, Arash Memary, Brandon Evans, and Lonnie McDermott from Marcus & Millichap. These individuals, representing the buyer and seller in the deal, played a crucial role in the successful completion of the transaction.