Joseph Braum Acquires 44-Unit Multifamily Building From Dean Poli For $7.5M In Valley Village

The property involved in this transaction is a multifamily apartment building located at 4636 Laurel Canyon Boulevard in Valley Village. The sale price of the asset was $7,500,000, featuring 44 units. The total square footage of the building is 33,792, resulting in a price per unit of $170,454 and a price per square foot of $221.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $7,500,000
• Units: 44
• Square Feet: 33,792
• Price Per Unit: $170,454
• Price Per Square Foot: $221
• Buyer: Joseph Braum
• Brokers: Nuriel Elisha - Lyon Stahl Investment Real Estate, Sevak Keshishian - Marcus & Millichap

This transaction was facilitated by brokers Nuriel Elisha and Sevak Keshishian, who played a crucial role in bringing together the buyer, Joseph Braum, and the multifamily property. Nuriel Elisha highlighted the importance of precise pricing, targeted marketing, and strong negotiation in successfully closing the deal. The brokers expressed confidence in the Los Angeles multifamily market and are committed to helping property owners maximize value and navigate complex transactions.