Mike Ebrahimi Acquires Multifamily Property In Van Nuys For $1,715,000 With Clyde Berkus As Seller

6860 Woodley Avenue is a multifamily property located in the Van Nuys market. The asset encompasses 7,830 square feet and was sold for $1,715,000, effectively achieving a price per square foot of $219. The property was held by the same family estate for approximately 30 years and was not subject to the City of Los Angeles Rent Stabilization Ordinance, which contributed to its investor appeal.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $1,715,000
• Square Footage: 7,830
• Address: 6860 Woodley Avenue
• Market: Van Nuys
• Buyer: Mike Ebrahimi
• Seller: Clyde Berkus
• Broker Representation: Filip Niculete, Glen Scher, Morgan Wetmore - The LAAA Team; Josh Yaris, Martin Agnew & Ryan Rothstein-Serling - Agnew Serling Group - Marcus & Millichap

The transaction was successfully closed in roughly eight weeks, representing the first time this property was brought to market in three decades. The LAAA Team and Agnew Serling Group of Marcus & Millichap facilitated the sale, achieving a successful outcome for the seller amidst strong investor interest.