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Marcus & Millichap Brokers Facilitate $4.35M Sale Of Multifamily Property In Van Nuys

7461 Hazeltine Avenue
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This MultiFamily property located in CA was sold for $4,350,000 almost 5 years ago. The brokers of the deal were Edward Chao, Glen Scher, and Filip (Fil) Niculete

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.

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Deals
  • Location
    7461 Hazeltine Avenue, Van Nuys, CA 91405, USA7461 Hazeltine Avenue, Van Nuys, CA 91405, USA
  • Sale Price
    $4,350,000$4,350,000
    $226 PPSF$226 PPSF
  • Area
    19,212 SF19,212 SF
  • Asset Type
    MultiFamilyMultiFamily
  • Parties
    3 Brokers, 1 Agency3 Brokers, 1 Agency

Agents

Glen Scher

Glen Scher

Deals161
Sold$624.5M

Edward Chao

Edward Chao

Deals5
Sold$13.7M

Agency

Marcus & Millichap

Marcus & Millichap

Agency
Deals6999
Volume$66B

Social

Deal Summary

SALE 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 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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7461 Hazeltine Avenue

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