Homa Mashian Partovi Acquires Multifamily Property In Van Nuys For $2.08M
6727 Orion Avenue
5,624 SF
Summary
The multifamily property located at 6727 Orion Ave. in Van Nuys has been sold in a closed transaction. The sale, which took place on June 10, 2022, involved a total of 5 units with a sale price of $2,077,011. The price per unit was approximately $415,402, and the total square footage of the property was 5,624, resulting in a price per square foot of $369. The buyers of the property were Homa Mashian Partovi, while the sellers were David Frisch and Janis Frisch.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,077,011
- Address: 6727 Orion Ave., Van Nuys
- Market: Van Nuys
- Units: 5
- Price per Unit: $415,402
- Square Footage: 5,624
- Price per Square Foot: $369
The brokers involved in the deal were Glen Scher and Filip Niculete from Marcus & Millichap's LAAA Team, as well as Nima Tehrany from Compass. This all-cash transaction was completed swiftly, with 3 offers generated within 3 days. From the start of the listing to the close of escrow, only 24 days elapsed. Glen Scher and Filip Niculete noted that this sale set a new record price per unit in Van Nuys.
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5
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3
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2
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