Amoroso Companies Acquires 119-Unit Multifamily Property In Chatsworth For $44 Million

9733 Topanga Canyon Boulevard is a multifamily property located in the Chatsworth market of Los Angeles, comprising 119 units. The sale price for this asset was $44,000,000, translating to a per unit cost of $369,748.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $44,000,000
• Units: 119
• Price Per Unit: $369,748
• Buyer: Amoroso Companies
• Seller: A private multifamily firm
• Brokers: Kevin Green, Joe Grabiec & Greg Harris - Institutional Property Advisors - Marcus & Millichap
• Mortgage Brokers: Brian Eisendrath & Cameron Chalfant - Institutional Property Advisors
• Agency Financing: $27.4 million

The transaction was facilitated by Kevin Green, Joseph Grabiec, and Gregory Harris of Institutional Property Advisors, who represented the seller, while Brian Eisendrath and Cameron Chalfant managed the financing aspect, showcasing the involvement of IPA Capital Markets in arranging the loan for the buyer.