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H&R Studio City Acquires Multifamily Property On Vantage Avenue In Studio City For $12.65M

4350 Vantage Avenue
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This MultiFamily property located in CA was sold for $12,650,000 over 3 years ago. The brokers of the deal were Beau Bonness, Marty Cohan, and Neda Rassouli

The multifamily property located at 4350 Vantage Avenue in Studio City was recently sold for a price of $12,650,000. The sale took place on November 25, 2020. The property consists of 22 units, with each unit having a price per unit (PPU) of $575,000. The total square footage of the property is 35,847, equating to a price per square foot (PPSF) of $352. The capitalization rate (CAP) for this transaction is 3.24%.

Summary of transation details

  • Property Type: Multifamily
  • Transaction Amount: $12,650,000
  • Units: 22
  • PPU: $575,000
  • Square Footage: 35,847
  • PPSF: $352
  • Capitalization Rate (CAP): 3.24%

The buyer of the property is H&R Studio City, while the seller is THI Vantage. The brokerage team involved in the transaction includes Neda Rassouli from TheNedski, Marty Cohan, and Beau Bonness.

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Deals
  • Location
    4350 Vantage Avenue, Studio City, CA, USA4350 Vantage Avenue, Studio City, CA, USA
  • Sale Price
    $12,650,000$12,650,000
    $352 PPSF$352 PPSF
  • Area
    35,847 SF35,847 SF
  • Asset Type
    MultiFamilyMultiFamily
  • Parties
    3 Brokers, 1 Agency3 Brokers, 1 Agency

Agents

Beau Bonness

Beau Bonness

Deals1
Sold$12.7M

Agency

Marcus & Millichap

Marcus & Millichap

Agency
Deals6999
Volume$66B

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Deal Summary

SALE IMAGE: Beau Bonness, Neda Rassouli & Marty Cohan DATE: 11/25/2020 ADDRESS: 4350 Vantage Avenue MARKET: Studio City ASSET TYPE: Multifamily BUYER: H&R Studio City SELLER: THI Vantage BROKERS: Neda Rassouli @TheNedski, Marty Cohan & Beau Bonness SALE PRICE: $12,650,000 UNITS: 22 ~ PPU: $575,000 SF: 35,847 ~ PPSF: $352 CAP: 3.24%

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4350 Vantage Avenue

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