BC Pico LLC Acquires 10-Unit Multifamily In Studio City For $6.5M

A 10-unit multifamily building located at 4297 Coldwater Canyon in Studio City has been sold for a total price of $6,500,000. The property spans over 19,765 square feet, resulting in a price per square foot of $328.86. Each unit was sold for $650,000.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $6,500,000
• Address: 4297 Coldwater Canyon, Studio City
• Market: Studio City
• Square Footage: 19,765
• Price per Square Foot: $328.86
• Units: 10
• Price per Unit: $650,000

The buyer of the property is BC Pico LLC, while the seller is Hana Inc. The deal was facilitated by brokers Andy Hairabedian from Andy Hairabedian Realty and Pooya Dayanim from Pooya Dayanim Realty.

This successful transaction highlights the demand for multifamily properties in Studio City. The sale of this 10-unit building at an average price of $650,000 per unit demonstrates the strong market value in the area.