Lincoln Avenue Capital Acquires Chatsworth Multifamily For $101.8M

The multifamily property located at 9901 Lurline Street in Chatsworth, San Fernando Valley, has been sold for a price of $101,750,000. The transaction took place on November 23, 2021. The property consists of 354 units, with an average price per unit of $287,429. The total area of the property is approximately 300,000 square feet, resulting in a price per square foot of $339.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $101,750,000
• Units: 354
• Average Price per Unit: $287,429
• Total Square Footage: 300,000
• Price per Square Foot: $339

The buyer of the property is Lincoln Avenue Capital, while the seller is Nuveen Real Estate. The transaction was facilitated by brokers Dean Zander and Stew Weston from CBRE.