Fred Schor Acquires Multifamily Property On Langdon Ave, Van Nuys For $8.6M

Located in Van Nuys, the multifamily property at 8123 Langdon Ave. was recently sold for a total price of $8,590,000. The transaction, which took place on September 30, 2021, involved the sale of a property consisting of 37 units. With a price per unit (PPU) of $232,162, this property offers a potential investment opportunity in the Van Nuys market. The total square footage of the property is 34,106, resulting in a price per square foot (PPSF) of $251.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $8,590,000
• Units: 37
• Price per Unit (PPU): $232,162
• Square Footage: 34,106
• Price per Square Foot (PPSF): $251

The buyer, Fred Schor, successfully acquired the property from the seller, Henry Manoucheri. Facilitating the transaction was the broker, David Leibowitz of Investment Real Estate Associates. With his expertise in investment real estate, David played a pivotal role in the execution of this deal, representing both the buyer and the seller.