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Cityview Acquires Multifamily Property In Woodland Hills For $113.7M

6355 De Soto Avenue
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This MultiFamily property located in CA was sold for $113,700,000 almost 2 years ago. The brokers of the deal were Peter Yorck and Nick Lavin

The multifamily property located at 6355 De Soto Ave. in Woodland Hills has recently been sold. The transaction took place on 05/23/2022, with the buyer being Cityview and the seller being Nuveen. The deal was facilitated by brokers Peter Yorck and Nick Lavin from JLL. The sale price for this property was $113,700,000.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $113,700,000
  • Address: 6355 De Soto Ave., Woodland Hills
  • Market: Woodland Hills
  • Buyer: Cityview
  • Seller: Nuveen
  • Brokers: Peter Yorck & Nick Lavin - JLL
  • Units: 244
  • Price Per Unit (PPU): $465,983
  • Total Square Footage: 228,210
  • Price Per Square Foot (PPSF): $498

This successful transaction showcases the demand for multifamily properties in Woodland Hills. The involvement of Cityview as the buyer and Nuveen as the seller demonstrates their confidence in the market potential of this property. The deal was executed through the expertise of brokers Peter Yorck and Nick Lavin from JLL. Their knowledge and negotiating skills played a crucial role in bringing this sale to fruition.

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Deals
  • Location
    6355 De Soto Avenue, Woodland Hills, California 91367, United States6355 De Soto Avenue, Woodland Hills, California 91367, United States
  • Sale Price
    $113,700,000$113,700,000
    $498 PPSF$498 PPSF
  • Area
    228,210 SF228,210 SF
  • Asset Type
    MultiFamilyMultiFamily
  • Parties
    2 Brokers, 1 Agency2 Brokers, 1 Agency

Agents

Peter Yorck

Peter Yorck

Deals8
Sold$881.6M

Nick Lavin

Nick Lavin

Deals7
Sold$633.6M

Agency

JLL

JLL

Agency
Deals5591
Volume$332.6B

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Deal Summary

SALE IMAGE: Nick Lavin & Peter Yorck DATE: 05/23/2022 ADDRESS: 6355 De Soto Ave. MARKET: Woodland Hills ASSET TYPE: Multifamily BUYER: Cityview SELLER: Nuveen BROKERS: Peter Yorck (@TheYorcks) & Nick Lavin - JLL (@JLL) SALE PRICE: $113,700,000 UNITS: 244 ~ PPU: $465,983 SF: 228,210 ~ PPSF: $498

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