Bascom Group Acquires Multifamily Asset In Northridge From NMS Properties For $52.5M

The multifamily property located at 9710 Zelzah Avenue & 17819 Superior Street in Northridge has been sold. The transaction took place on 01/13/2022, and the property was purchased for a total sale price of $52,500,000. The property consists of 140 units, with a price per unit (PPU) of $375,000.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $52,500,000
• Address: 9710 Zelzah Avenue & 17819 Superior Street
• Market: Northridge
• Buyer: Bascom Group - Chad Sanderson, Derek Chen, David Kim & Jerry Fink
• Seller: NMS Properties - Neil Shekhter
• Units: 140
• Price Per Unit (PPU): $375,000

The buyer of the property is Bascom Group, represented by Chad Sanderson, Derek Chen, David Kim, and Jerry Fink. They acquired the property from NMS Properties, with Neil Shekhter as the seller's representative.