Hirsch Sherman, Jared Levine & Clyde Isaacson Acquire Non Rent Control Multifamily In Van Nuys For $7M

The multifamily property located at 6640 Woodley Ave in Van Nuys has been sold in a recent transaction. This non-rent control building consists of 34 units and was sold off-market.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $7,000,000
• Square Footage: 22,734
• Price per Square Foot: $307.91
• Number of Units: 34
• Price per Unit: $205,882
• Date of Transaction: 08/21/2019
• Market: Van Nuys

Jared Levine, Hirsch Sherman, and Clyde Isaacson represented the deal as brokers from JML Real Estate Group.

A couple of deal points worth noting are that the property was a non-rent control building and it was sold off-market.