Hill Street Realty Acquires Multifamily Property In Tarzana For $27.1M

The multifamily property located at 6262-6322 Reseda Blvd in Tarzana has been sold in a closed transaction. The property spans a total of 84,864 square feet and was sold for a price of $27,100,000, resulting in a price per square foot of $319.33. The buyer of the property was Hill Street Realty, while the seller was Bechirian Investments.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $27,100,000
• Address: 6262-6322 Reseda Blvd, Tarzana
• Market: Tarzana
• Square Footage: 84,864

The deal was facilitated by the brokers Michael Sterman and Jeff Louks. They represented the respective parties in the transaction, ensuring a successful sale. The property consists of 118 units, with each unit priced at approximately $229,661. This transaction showcases the expertise and professionalism of the brokers involved in the deal, demonstrating their commitment to serving their clients.