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18521 & 18561 Prairie Street

The Multi Family property located in Los Angeles that spans 45,015 square feet sold for $15,250,000 or $339 PPSF. The deal closed 10 months and 21 days ago. The brokers of the deal were Makan Mostafavi, Glen Scher and Filip Niculete

  • Location image 18521 Prairie Street, Northridge, CA, USA
  • Sold Value
    image $15,250,000
    image $339
  • Asset Type image Multi Family
  • Area image 45,015 SF
  • Parties image3 Brokers,1 Agency
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Makan Mostafavi

Marcus & Millichap
  • Deals 2
  • Volume $16,950,000
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Glen Scher icon

Marcus & Millichap
  • Deals 134
  • Volume $523,640,000
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Filip Niculete icon

Marcus & Millichap
  • Deals 139
  • Volume $564,150,000
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Comparables: 18521 & 18561 Prairie Street

Showing 4 of 62

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Price Icon $14,200,000

  • StatusSOLD, $328 PPSF
  • Date08/01/22
  • Address618 West Route 66, Glendora, California 91740, United States
  • Address618 West...
  • AssetMULTI FAMILY
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Price Icon $14,000,000

  • StatusSOLD, $339 PPSF
  • Date07/22/22
  • Address3855 Skofstad Street, Riverside, California 92505, United States
  • Address3855 Skofstad...
  • AssetMULTI FAMILY
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Price Icon $13,475,000

  • StatusSOLD, $504 PPSF
  • Date05/27/22
  • Address2330 North Cahuenga Boulevard, Los Angeles, California 90068, United States
  • Address2330 North...
  • AssetMULTI FAMILY
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Price Icon $15,200,000

  • StatusSOLD, $264 PPSF
  • Date05/27/22
  • Address807 South Westlake Avenue, Los Angeles, California 90057, United States
  • Address807 South...
  • AssetMULTI FAMILY
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This Deal on Social

SALE
IMAGE: Glen Scher, Filip Niculete & Makan Mostafavi
DATE: 09/30/2021
ADDRESS: 18521 & 18561 Prairie St.
MARKET: San Fernando Valley
ASSET TYPE: Multifamily

BUYER: Mark Labrador
SELLER: Michael Weinreb
BROKERS: Filip Niculete (@FNiculete), Glen Scher (@ScherGlen) & Makan Mostafavi (@MakanMostafavi) (LAAA Team) (@LAAATeam) – Marcus & Millichap

SALE PRICE: $15,250,000
UNITS: 59 ~ PPU: $258,474
SF: 45,015 ~ PPSF: $338
GRM: 14.77x
CAP: 3.76%

NOTE: 2 Properties. 59 Units

Northridge. Next to CSUN Campus

CoStar’s All-Time Sales Records in
Northridge for Rent-Controlled Multifamily
#2 Highest Price/SqFt Ever
#2 Highest Price/Unit Ever

Financials at Sale Price
3.76% CAP 14.77 GRM
$338.78 per SqFt. $262,931 per Unit

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SALE
IMAGE: Glen Scher, Filip Niculete & Makan Mostafavi
DATE: 09/30/2021
ADDRESS: 18521 & 18561 Prairie St.
MARKET: San Fernando Valley
ASSET TYPE: Multifamily

BUYER: Mark Labrador
SELLER: Michael Weinreb
BROKERS: Filip Niculete (@FNiculete), Glen Scher (@ScherGlen) & Makan Mostafavi (@MakanMostafavi) (LAAA Team) (@LAAATeam) – Marcus & Millichap

SALE PRICE: $15,250,000
UNITS: 59 ~ PPU: $258,474
SF: 45,015 ~ PPSF: $338
GRM: 14.77x
CAP: 3.76%

NOTE: 2 Properties. 59 Units

Northridge. Next to CSUN Campus

CoStar’s All-Time Sales Records in
Northridge for Rent-Controlled Multifamily
#2 Highest Price/SqFt Ever
#2 Highest Price/Unit Ever

Financials at Sale Price
3.76% CAP 14.77 GRM
$338.78 per SqFt. $262,931 per Unit

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Contact Makan Mostafavi

For more than 18 years, Makan Mostafavi has focused on Real Estate in the San Fernando Valley a sub-market of...

"Glen Scher is a senior associate at Marcus & Millichap’s Encino, California office. Glen specializes in the acquisition and disposition...

"Upon graduating from San Diego State University, Filip began his career in finance as a financial advisor. In 2011 he...

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