Evan Cramer - CPP Acquires 14-Unit Multifamily In Winnetka For $6M
6824 Winnetka Avenue
MultiFamily
Sold 15 days ago
Summary
The multifamily property located at 6824 Winnetka Avenue in Winnetka was sold for $6,000,000. The property consists of 14 units, making the price per unit $428,571.
Summary of transation details:
- Property Type: Multifamily
- Transaction Amount: $6,000,000
- Address: 6824 Winnetka Avenue
- Market: Winnetka
- Buyer: Evan Cramer - CPP (Community Preservation Partners)
- Units: 14
CPP (Community Preservation Partners) acquired the Canoga Park Apartments, a 14-unit affordable housing development in Los Angeles. In addition to the $6,000,000 purchase price, an estimated $142,000 will be spent per unit on renovations, totaling around $11,350,000 for the entire project. This acquisition demonstrates CPP's dedication to maintaining affordable housing in Canoga Park and addressing the essential modernization requirements for residents.
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6824 Winnetka Avenue
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