Stephen Plut Acquires Multifamily Asset At 13028 Valleyheart Drive In Studio City For $7.45M

The property asset involved in this transaction is a multifamily unit located at 13028 Valleyheart Drive in Studio City. The transaction concluded with a sale price of $7,450,000. The asset comprises 18 units with a total square footage of 21,744, resulting in a per unit price of $413,888 and a price per square foot of $342.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $7,450,000
• Units: 18
• Square Feet: 21,744
• Price per Unit: $413,888
• Price per Square Foot: $342
• Buyer: Stephen Plut
• Buyer's Representative: Akash Saini & Taylor Magon - Keller Williams Realty
• Seller's Representative: Brett Sanson & Jeffrey Louks - Marcus & Millichap
• Date of Transaction: 10/31/2024

The key individuals involved in this deal include the buyer Stephen Plut, represented by Akash Saini and Taylor Magon from Keller Williams Realty. The seller was represented by Brett Sanson and Jeffrey Louks from Marcus & Millichap, who facilitated the transaction in the Studio City market.