Marcus & Millichap Brokers Facilitate $4.35M Sale Of Multifamily Property In Van Nuys | 7461 Hazeltine Avenue | Glen Scher, Edward Chao, Filip Niculete | MultiFamily | Sale

Summary

Sale

CALIFORNIA

MultiFamily

19,212 sqft

The multifamily property located at 7461 Hazeltine Ave in Van Nuys has been sold for a price of $4,350,000. The property spans 19,212 square feet and has a price per square foot of $226.41. It consists of 29 units, with a price per unit of $150,000. The sale reflects a capitalization rate of 4.58% and a gross rent multiplier of 12.51.

Summary of transation details

Property Type: Multifamily
Transaction Amount: $4,350,000
Market: Van Nuys
Square Footage: 19,212
Price per Square Foot: $226.41
Number of Units: 29
Price per Unit: $150,000
Capitalization Rate: 4.58%
Gross Rent Multiplier: 12.51

The deal was facilitated by the brokers Filip Niculete, Glen Scher, and Edward Chao from Marcus & Millichap, along with Makan Mostafavi.

Players

All
4

Agents
3
Agencies
1

Glen Scher

Senior Vice President

$627.1M Sold

Edward Chao

Associate

$13.7M Sold

Filip Niculete

Senior Managing Director

$667.6M Sold

Marcus & Millichap

Details

Deal Summary

SOLD

IMAGE: Filip Niculete, Glen Scher, Makan Mostafavi and Edward Chao DATE: 3/29/2019 ADDRESS: 7461 Hazeltine Ave MARKET: Van Nuys ASSET TYPE: Multifamily PRICE: $4,350,000 SF: 19,212 PPSF: $226.41.41 UNITS: 29 PPU: $150,000 CAP: 4.58% GRM: 12.51 BROKERS: Filip Niculete, Glen Scher & Edward Chao - Marcus & Millichap, Makan Mostafavi

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Address7461 Hazeltine Avenue

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