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Chatsworth Multifamily Sells For $15.2M By La Apartment Advisors

9919-9947 De Soto Avenue
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This MultiFamily property located in CA was sold for $15,200,000 over 5 years ago. The brokers of the deal were Jonathan Erster, Glen Scher, and Filip (Fil) Niculete

A multifamily property located at 9919-9947 De Soto Ave in Chatsworth has been sold for $15,200,000. The property consists of 64 units with a total square footage of 51,944. The price per square foot is approximately $292.62. The cap rate for the property is 4.18% and the gross rent multiplier (GRM) is 13.29.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $15,200,000
  • Address: 9919-9947 De Soto Ave
  • Market: Chatsworth
  • Units: 64
  • Square Footage: 51,944
  • Price per Square Foot: $292.62
  • Cap Rate: 4.18%
  • Gross Rent Multiplier (GRM): 13.29

The sale of this multifamily property was facilitated by Filip Niculete, Glen Scher, and Jonathan Erster of LA Apartment Advisors.

View Related

Deals
  • Location
    9919 De Soto Avenue, Chatsworth, CA 91311, USA9919 De Soto Avenue, Chatsworth, CA 91311, USA
  • Sale Price
    $15,200,000$15,200,000
    $292 PPSF$292 PPSF
  • Area
    51,944 SF51,944 SF
  • Asset Type
    MultiFamilyMultiFamily
  • Parties
    3 Brokers, 1 Agency3 Brokers, 1 Agency

Agents

Glen Scher

Glen Scher

Deals161
Sold$624.5M

Agency

Marcus & Millichap

Marcus & Millichap

Agency
Deals6999
Volume$66B

Social

Deal Summary

SALE IMAGE: Jonathan Erster @ersterj, Glen Scher @glenscher and Filip Niculete @fniculete DATE: 12/19/2018 ADDRESS: 9919-9947 De Soto Ave MARKET: Chatsworth ASSET TYPE: Multifamily UNITS: 64 PRICE: $15,200,000 SF: 51,944 PPSF: $292.62 CAP RATE: 4.18% GRM: 13.29 AGENTS: Filip Niculete, Glen Scher & Jonathan Erster @laapartmentadvisors

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9919-9947 De Soto Avenue

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