Garen Gozuman Acquires Multifamily Properties In Studio City From The Nibley Family For $3.5M

The multifamily property located at 4230 & 4224 Gentry Avenue in Studio City has been sold. The sale took place on October 7, 2019. The property consists of 8 units with a total area of 6,510 square feet. The sale price for this transaction was $3,500,000, resulting in a price per square foot of $537.63. The buyer, Garen Gozuman, acquired both 4224 Gentry Avenue and 4230 Gentry Avenue for future development.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $3,500,000
• Address: 4230 & 4224 Gentry Avenue
• Market: Studio City
• Buyer: Garen Gozuman
• Seller: The Nibley Family
• Brokers: Adam Zunder, David Weinberger, Dennis Chernov
• Square Footage: 6,510
• Price per Square Foot: $537.63
• Units: 8

Adam Zunder, David Weinberger, and Dennis Chernov of the Chernov Team were the brokers involved in this transaction.

It's worth mentioning that 4224 Gentry Avenue was listed on the market and sold for $1,725,000, while 4230 Gentry Avenue was sold off-market for $1,775,000. Garen Gozuman purchased both properties as a package for future development.