Marcus & Millichap Brokers Sell North Hills Multifamily Property For $3.2M

Located at 9005 Orion Ave in North Hills, this multifamily property was recently sold for $3,200,000. The transaction took place on 11/15/2018 and involved 18 units. The property has a cap rate of 5.55% and a gross rent multiplier (GRM) of 10.99. The price per unit is $177,778, and the price per square foot (PPSF) is $178.67. The sale was facilitated by Filip Niculete and Arash Memary, brokers from Marcus & Millichap.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $3,200,000
• Date: 11/15/2018
• Address: 9005 Orion Ave
• Market: North Hills
• Units: 18
• Cap Rate: 5.55%
• Gross Rent Multiplier (GRM): 10.99
• Price per Unit (PPU): $177,778
• Price per Square Foot (PPSF): $178.67

Filip Niculete and Arash Memary from Marcus & Millichap played a crucial role in facilitating this sale transaction. Their expertise and efforts contributed to the successful completion of the deal.