The Seymour Group Acquires Mission Hills Multifamily Property For $4.81M

The multifamily property located at 9919 Sepulveda Blvd in Mission Hills has been sold in a closed transaction. The property spans 22,629 square feet and was sold for a price of $4,810,000, resulting in a price per square foot of $212.55. It consists of 18 units, with a unit price of $267,222. The property was sold at a cap rate of 4.45% and a gross rent multiplier (GRM) of 12.98.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $4,810,000
• Square Footage: 22,629
• Price per Square Foot: $212.55
• Number of Units: 18
• Unit Price: $267,222
• Cap Rate: 4.45%
• Gross Rent Multiplier (GRM): 12.98

The buyer's representation in this transaction was provided by Phil Seymour and David Weinberger from The Seymour Group. The seller's representation information was not available.