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Multifamily Property In North Hills Sold For $16.3M By Filip Niculete, Glen Scher, Arash Memary, Jonathan Erster, Laurie Lustig-Bower, Kamran Paydar

Property Image
SOLD
$16,250,000
Laurie Lustig Bower
Kamran Paydar
+ 3

California

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MultiFamily71,306 SF
Sold 10/31/2019
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Property Image
SOLD

Multifamily Property In North Hills Sold For $16.3M By Filip Niculete, Glen Scher, Arash Memary, Jonathan Erster, Laurie Lustig-Bower, Kamran Paydar

9001 Burnet Ave, North Hills, CA, USA

See Similar Deals
MultiFamily71,306 SF
Sold 10/31/2019
Laurie Lustig Bower
Kamran Paydar
+ 3
Contact now

Summary

CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$227
Total Square Footage:71,306 SF
Transaction Type:Sale

9001 Burnet Ave, located in North Hills, has been sold in a recent transaction. The multifamily property spans 71,306 square feet and consists of 43 units. The sale price for this property was $16,250,000, resulting in a price per square foot of $227.89. Each unit was sold at an average price of $377,906.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $16,250,000
  • Address: 9001 Burnet Ave
  • Market: North Hills
  • Square Footage: 71,306 sqft
  • Number of Units: 43
  • Price per Square Foot: $227.89
  • Average Price per Unit: $377,906

The deal was facilitated by a team of brokers who represented the parties involved in the transaction. The brokers include Filip Niculete, Glen Scher, Arash Memary, Jonathan Erster, Laurie Lustig-Bower, and Kamran Paydar.

Players

Filip Niculete
196 deals$785.1M volume
BROKER

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

Jonathan Erster
Marcus & Millichap
11 deals$100.1M volume(818) 212-2724
BROKER

Laurie Lustig Bower
CBRE
18 deals$566.4M volume(310) 550-2556
BROKER

Arash Memary
Marcus & Millichap
15 deals$66.7M volume
BROKER

Kamran Paydar
CBRE
11 deals$301.3M volume
BROKER

Details

SOLD
IMAGE: Laurie Lustig-Bower, Filip Niculete, Arash Memary, Glen Scher, Jonathan Erster & Kamran Paydar @laapartmentadvisors DATE: 10/31/2019 ADDRESS: 9001 Burnet Ave MARKET: North Hills ASSET TYPE: Multifamily BROKERS: Filip Niculete, Glen Scher, Arash Memary, Jonathan Erster, Laurie Lustig-Bower, Kamran Paydar PRICE: $16,250,000 SF: 71,306 ~ PPSF: $227.89 UNITS: 43 PPU: $377,906

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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