Lion Real Estate Group Acquires MultiFamily Property From FCA In Van Nuys

The multi-family property located at 6535 Haskell Ave, Van Nuys, CA, 91406 was sold in a closed transaction for $41,600,000.00. The property is part of a three-property apartment building portfolio acquired by Lion Real Estate Group in an off-market deal. The portfolio also includes a 105-unit building at 4355 Sepulveda Boulevard in Sherman Oaks and a 48-unit building at 7317 Haskell Avenue in Van Nuys.

Summary of transation details:

• Property Type: MultiFamily
• Transaction Amount: $41,600,000.00
• Market: Van Nuys
• Buyer's Representative: Michael Koshet (Keller Williams)
• Buyer: Lion Real Estate Group
• Seller: FCA
• Additional Note: Lion Real Estate Group plans to renovate the exterior of the properties and improve common area amenities.

Michael Koshet of LA Commercial Agency played a pivotal role as the representative for both the buyer, Lion Real Estate Group, and the seller, FCA, in the transaction. Lion Real Estate Group, led by Jeff Weller and Mory Barak, specializes in value-add acquisitions focusing on multifamily and creative office properties in Southern California and Nashville. The company has been actively involved in property transactions, including the sale of two warehouses in the Arts District and the acquisition of a 112-unit complex in Tarzana.