Shawn Evenhaim Acquires 48-Unit Multifamily Asset In Valley Village For $15.9M

The property asset involved in this transaction is a multifamily development located at 11925 Kling Street in Valley Village. The property comprises 48 individual condominium units, totaling a square footage of 52,393. The sale price for the property was $15,900,000, which translates to an average price per unit of $331,250 and a price per square foot of $303.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $15,900,000
• Units: 48
• PPU: $331,250
• SF: 52,393
• PPSF: $303
• Buyer: Shawn Evenhaim
• Seller: Thomas Yu & May Ling Yu
• Broker Representatives: Arteen Zahiri, Ian Habbestad, Tony Azzi & Rabbie Banafsheha - Marcus & Millichap

The transaction saw the Azzi Group of Marcus & Millichap facilitating the sale of the property, representing both the seller and the buyer in the deal. The brokers involved played a crucial role in managing the sale process, ensuring a successful transaction for all parties involved.