A nine-unit luxury apartment building located at 7064 Greeley Street in Tujunga, CA, has been sold for $4.05 million. The property encompasses 14,120 square feet on a 0.27-acre lot, providing an average price of $450,000 per unit and a price per square foot of $287. The three-story building, constructed in 2021, features oversized two and three-bedroom units equipped with modern amenities and minimal rent restrictions.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $4,050,000
• Address: 7064 Greeley Street
• Market: Tujunga
• Units: 9
• PPU: $450,000
• SF: 14,120
• PPSF: $287

Vahe Parsekhian from Americana Real Estate Services represented the buyer in this transaction, while the seller was represented by Carl Reinhart. The property offers potential for increased cash flow through higher rental rates and reduced operating expenses, appealing to investors seeking multifamily assets.