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Saturday, May 25, 2024

2024 Commercial Real Estate Awards: Multi-Family Sale of the Year

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VITAL STATISTICS

13925 Sherman Way, Van Nuys; 12310 Chandler Blvd, Valley Village; 5247 and 5415 Cortex Pl., Valley Village
Deal Value: $28.4M

Rick Raymundo, Jeff Louks, Brett Sanson and Phil Rodgers of Marcus & Millichap listed and sold a four-property multifamily portfolio in the San Fernando Valley on behalf of a private family trust. The transaction involved multiple sales to three separate buyers, totaling $28,440,000. The portfolio consists of 125 apartment units spread across 125,884 square feet in Valley Village and Van Nuys.

What makes this deal stand out is not only its size but also the rarity of the properties involved. Most closings in Valley Village tend to be significantly smaller than those included in this portfolio.

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