REVX Keller Inc. Acquires Multifamily Property In West Toluca Lake For $8.3M

A multifamily property located at 11230 Camarillo Street in West Toluca Lake has been sold for $8,265,000. The transaction took place on January 21, 2021, and the property consists of 24 units with a total square footage of 19,473. The price per unit was $344,375, and the price per square foot was $424. The property has a cap rate of 2.94% and a gross rent multiple of 19.73x. The buyer of the property was REVX Keller Inc., while the seller was Via Toluca Lake LLC. Toshiro Ohinata from WS Realtors Inc. represented the buyer, and Rick Raymundo from Marcus & Millichap represented the seller.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $8,265,000
• Units: 24
• Price per Unit: $344,375
• Square Footage: 19,473
• Price per Square Foot: $424
• Cap Rate: 2.94%
• Gross Rent Multiple: 19.73x
• Market: West Toluca Lake

Rick Raymundo, associated with LACMultifamily of Marcus & Millichap, represented the seller in this transaction, and Toshiro Ohinata from WS Realtors Inc. represented the buyer.