Felix Valdez LLC Acquires MultiFamily Property In University Place For $10.5 Million

The transaction involved the sale of Park East and West, a multi-family property located at 6407-6425 53rd Avenue Court West in University Place, WA. The asset consists of 51 residential units and was sold for a total of $10.5 million, resulting in a price per unit of $205,882. The property was built in 1985 and had undergone partial renovations prior to the sale.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $10,500,000
• Units: 51
• Price Per Unit: $205,882
• Date of Sale: 10/30/2025
• Market: University Place, WA
• Previous Sale Price: Less than $5.25 million (2021)

The buyer, Felix Valdez LLC, is based in California. The transaction was facilitated by brokers Jay Timpani and Chad Blenz from Berkadia, who represented the seller, a CBRE-affiliated LLC, in the deal.