Ronald Mayer Acquires Multifamily Property In San Fernando Valley For $7.8M

The multifamily property located at 8555 Independence Ave in the San Fernando Valley has been sold. The transaction took place on 06/08/2022, with a sale price of $7,825,000. The property consists of 29 units, with an average price per unit of $269,827. The total square footage of the property is 18,389, and the price per square foot is $425.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $7,825,000
• Units: 29
• Price per Unit: $269,827
• Total Square Footage: 18,389
• Price per Square Foot: $425

The buyer in this transaction is Ronald Mayer, while Ying Zhang is the seller. The deal was facilitated by broker Rob Renshaw from Taksa Investment Group.