Morgan Wetmore Glen Scher Filip Niculete Of Marcus & Millichap Represent Buyer In North Hills Multifamily Sale For $4.1M

This transaction involved a multifamily asset, specifically a 20-unit townhome community located at 8736 Burnet Avenue in the North Hills market. The sale price was $4,100,000, translating to a price per unit of $205,000 and a price per square foot of $170. The total square footage of the property is 24,060.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $4,100,000
• Units: 20
• Price per Unit: $205,000
• Square Footage: 24,060
• Price per Square Foot: $170
• Buyer’s Representatives: Morgan Wetmore, Glen Scher & Filip Niculete - LAAA Team - Marcus & Millichap

The LAAA Team of Marcus & Millichap successfully represented the buyer in this transaction. The property closed at a significantly lower price compared to nearby finished North Hills condos, which are selling for approximately $516,000 each.