SOLD
Marcus & Millichap Brokers $6.9M Sale Of Multifamily Complex In Valley Village
5247 Corteen Place
MultiFamily
Sold 94 days ago
Summary
Sale
CALIFORNIA
MultiFamily
The $6.9 million sale of a 32-unit apartment complex at 5247 Corteen Place in Los Angeles' Valley Village neighborhood has been brokered by Marcus & Millichap. The property, representing both the seller, a family trust of over 44 years, and the undisclosed buyer, is a multifamily asset. Financing for the acquisition was provided by JP Morgan Chase.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $6,900,000
- Units: 32
- Price Per Unit: $215,625
- Address: 5247 Corteen Place
- Market: Valley Village
The deal was facilitated by Marcus & Millichap brokers Brett Sanson, Jeff Louks, and Rick Raymundo. They represented both the seller and the undisclosed buyer in the transaction. The lender involved in the sale was JP Morgan Chase.
Players
All
5
Agents
3
Agencies
1
Lenders
1
Details
SOLD
IMAGE: Brett Sanson, Jeff Louks & Rick Raymundo
DATE: 01/29/2024
ADDRESS: 5247 Corteen Place
MARKET: Valley Village
ASSET TYPE: Multifamily
BROKERS: Brett Sanson, Jeff Louks & Rick Raymundo (@LACMultifamily) - Marcus & Millichap (@MarcusMillichapinc)
LENDER: JP Morgan Chase (@JPMorgan)
SALE PRICE: $6,900,000
UNITS: 32 ~ PPU: $215,625
NOTE: Marcus & Millichap brokered the $6.9 million sale of a 32-unit apartment complex at 5247 Corteen Place in Los Angeles' Valley Village neighborhood, representing both the seller, a family trust of over 44 years, and the undisclosed buyer. Financing for the acquisition was provided by JP Morgan Chase.View on map
Loading...
Address5247 Corteen Place
Comparables
Reset filters to show results.
Contact
Get in touch with the broker you want