Land Mark Realty & Property Management has acquired the Chatsworth Place apartments, totaling 64 units and split between 9919 DeSoto Ave. and 9947 De Soto Ave. in Chatsworth, from a private trust for $15.2 million, or $237,500 per unit, according to a CoStar Group report. Filip Niculete, Glen Scher, Jonathan Erster and Janette Monfared with Marcus & Millichap’s Encino office represented both parties in the sale. Constructed in 1964, the Chatsworth Place multifamily communities cover 51,944 square feet. Land Mark, which owns other multifamily assets in the area, bought the Chatsworth Place dwellings as part of a 1031 tax-deferred exchange.
Realty Firm Acquires Chatsworth Apartments for $15.2 Million
