PCS Corp Acquires Multifamily Property In San Fernando Valley For $25.75M

The property asset involved in this transaction is a multifamily building located at 5931-5919 Reseda Blvd in the San Fernando Valley. The sale took place on May 15, 2019, with a total price of $25,750,000. The building has a total square footage of 65,040, resulting in a price per square foot of $395.91. It consists of 112 units, with an average price per unit of $229,910.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $25,750,000
• Address: 5931-5919 Reseda Blvd, San Fernando Valley
• Market: San Fernando Valley
• Seller: LION LLC
• Buyer: PCS CORP
• Broker: Michael Koshet
• Square Footage: 65,040
• Price per Square Foot: $395.91
• Units: 112
• Price per Unit: $229,910

The transaction was facilitated by Michael Koshet, who represented the buyer and seller in the deal.