Richard Hu Acquires 8-Unit Multifamily In Canoga Park For $1.51M

The multifamily property located at 6902 Milwood Avenue in Canoga Park was recently sold for $1,510,000. The property consists of 8 units with a price per unit of $188,750. It spans a total of 5,438 square feet, resulting in a price per square foot of $278.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $1,510,000
• Units: 8
• Price per Unit: $188,750
• Square Footage: 5,438
• Price per Square Foot: $278
• Address: 6902 Milwood Avenue
• Market: Canoga Park

The buyer, Richard Hu, acquired the property from the seller, Leif Rand. Representing the buyer were Akash Saini, Morgan Wetmore, and Brisa Jeronimo from Keller Williams, while Filip Niculete and Glen Scher from Marcus & Millichap represented the seller in this transaction.