Woodman Arleta Housing LP Acquires Multifamily Asset In Panorama City For $30M
9135 Woodman Avenue
Summary
Woodman Nordhoff, located at 9135 Woodman Ave and 14201 Nordhoff St in Panorama City, has been sold in a closed transaction. The multifamily property was purchased by Woodman Arleta Housing LP from Julian Weinstock Construction Co. The deal was brokered by David B Kaufman of @DavidBKaufman and Corey I Spound of @CoreySpound.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $30,000,000
- Units: 80
- Price Per Unit: $375,000
- Capitalization Rate: 3.6
The Woodman Nordhoff sale highlights the collaboration between Woodman Arleta Housing LP and Julian Weinstock Construction Co. The transaction was facilitated by David B Kaufman from @DavidBKaufman and Corey I Spound from @CoreySpound. With its desirable location in Panorama City and a total of 80 units, this multifamily property offers an attractive investment opportunity.
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