Brett Sanson Of Marcus & Millichap Brokers $2.475M Sale Of 8-Unit Multifamily In Sherman Oaks

The property asset involved in the transaction is an 8-unit multifamily building located at 4345 Matilija Avenue in Sherman Oaks. The sale price was $2,475,000, with a price per unit of $309,375 and a total square footage of 6,176, resulting in a price per square foot of $401. The property, built in 1954, is fully occupied and subject to LA City Rent Control, offering potential for redevelopment. It is situated near Ventura Boulevard, known for its dining and entertainment options.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $2,475,000
• Units: 8
• PPU: $309,375
• SF: 6,176
• PPSF: $401
• Broker: Brett Sanson
• Agency: Marcus & Millichap
• Date of Sale: 08/29/2024
• Acres: 0.26

Broker Brett Sanson of Marcus & Millichap represented the deal, facilitating the successful transaction of the multifamily property. His efforts contributed to the closing of this fully occupied asset, underscoring the demand in the Sherman Oaks market.