Sherman Oaks Multifamily Trades to Xenon Investments
Marcus & Millichap has finalized the sale of 4742 Sepulveda Blvd., a 21-unit multifamily property in Sherman Oaks. The property sold for $6.98 million, or $332,380 per unit.
“Newer construction multifamily assets with minimal near-term capital requirements remain highly sought after in the San Fernando Valley,” said Sam Liberow, senior managing director investments. “The property generated multiple offers from investors who recognize today’s pricing environment as an opportunity to acquire quality Los Angeles real estate at values not seen in more than a decade.”
Liberow, in Marcus & Millichap’s Encino office, marketed the 2014-vintage property on behalf of the seller, Southview Investment Company, and procured the buyer, Xenon Investments. Located just north of Ventura Boulevard, the property offers immediate access to premier shopping, dining, grocery stores and entertainment, as well as convenient access to the U.S. Route 101 and Interstate 405 freeways, according to Marcus & Millichap.
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Remax Real Estate Professionals
Re/Max Real Estate Professionals
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Jared Ennis
Central CA Commercial | California
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Rick Recckio
Recckio Real Estate & Development
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Greg Corbin
Northgate Real Estate Group
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Essex Property Trust, Inc.
California
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Josh A
California
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Bob Tuteur
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Andrew Schildcrout