Ari Karka Acquires 33-Unit Multifamily Property At 12325 Chandler Boulevard For $8.275M

The property asset involved in this transaction is a multifamily building located at 12325 Chandler Boulevard in Valley Village. The sale price for the asset was $8,275,000, which translates to a price per unit of $250,757 across its 33 units. The total square footage of the property is 34,713, resulting in a price per square foot of $238.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $8,275,000
• Units: 33
• Price Per Unit: $250,757
• Square Footage: 34,713
• Price Per Square Foot: $238
• Buyer: Ari Karka
• Seller: Evolve Development
• Brokers: Rick Raymundo & Philip Rodgers - Marcus & Millichap

The key individuals involved in the transaction include buyer Ari Karka and seller Evolve Development. The brokerage team representing the transaction consists of Rick Raymundo and Philip Rodgers from Marcus & Millichap, who played a significant role in facilitating the sale.