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

Property Image
SOLD
$1,510,000
Glen Scher
Filip Niculete
+ 2

California

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MultiFamily5,438 SF
Sold 04/11/2024
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Property Image
SOLD

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

6902 Milwood Avenue

See Similar Deals
MultiFamily5,438 SF
Sold 04/11/2024
Glen Scher
Filip Niculete
+ 2
Contact now

Summary

CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$277
Total Square Footage:5,438 SF
Transaction Type:Sale

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.

Players

Filip Niculete
196 deals$785.1M volume
BROKER

Glen Scher
Marcus & Millichap
190 deals$738.1M volume
BROKER

Akash Saini
Keller Williams Realty
25 deals$77.3M volume(818) 642-0242
BROKER

Morgan Wetmore
Marcus & Millichap
10 deals$14.9M volume(818) 212-2724
BROKER

Brisa Jeronimo
Keller Williams Realty
2 deals$3.7M volume
BROKER

Details

SOLD
IMAGE: Filip Niculete, Glen Scher, Akash Saini, Morgan Wetmore & Brisa Jeronimo DATE: 04/11/2024 ADDRESS: 6902 Milwood Avenue MARKET: Canoga Park ASSET TYPE: Multifamily BUYER: Richard Hu SELLER: Leif Rand BUYER'S REP: Akash Saini (@AkashdSaini), Morgan Wetmore (@MorgannWetmore) & Brisa Jeronimo - Keller Williams (@KellerWilliamsRealty), (@TheCommercialBrokers) SELLER'S REP: Filip Niculete (@LAAATeam) & Glen Scher (@ScherGlen) - Marcus & Millichap (@MarcusMillichapinc) SALE PRICE: $1,510,000 UNITS: 8 ~ PPU: $188,750 SF: 5,438 ~ PPSF: $278

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Debt Service Coverage Ratio (DSCR)

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