Paul Ling Acquires Multifamily Asset From Sandy Khan In Palms For $16.5 Million

The transaction involves a multifamily property located at 3668 Motor Avenue in the Palms market. The asset comprises 60 units, with a total square footage of 53,946. It was sold for a price of $16,500,000, resulting in a per-unit price of $275,000 and a price per square foot of $305.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $16,500,000
• Units: 60
• Square Footage: 53,946
• Price Per Unit: $275,000
• Price Per Square Foot: $305
• Buyer: Paul Ling
• Seller: Sandy Khan
• Broker: Sam Liberow - The Liberow Group - Marcus & Millichap Encino

Sam Liberow represents the seller in this transaction, providing brokerage services through The Liberow Group under Marcus & Millichap Encino. This deal reflects the involvement of a notable broker in facilitating the sale between the buyer and seller.