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An 18-unit Sherman Oaks multifamily property has sold for $10.8 million, or $600,000 per unit.
The units, located at 4623 Willis Ave., are called Via Sherman Oaks. According to CoStar data, these apartments were built in 1999 and renovated just last year. The four-floor complex covers 24,046 square feet.
Avison Young Principal Peter Sherman negotiated on behalf of the seller, a West Coast multifamily investor while the buyer, a private family investor based in Los Angeles, was represented by another brokerage. The brokerage said the per-unit price was a record for the San Fernando Valley.
“Our comprehensive marketing plan and persistence throughout the entire transaction process was integral to achieving this record-breaking result for the seller,” Sherman said in a statement. “The seller took advantage of those strengths and did a masterful job on extensively remodeling and completing high-end upgrades for 10 of the 18 units. The buyer will benefit with a straightforwa
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“They Are Here” - is a first-person horror story about a journalist who witnessed an alien invasion at the Grayswood farm. Explore the area armed with a flashlight. Take photos of evidence of aliens presence and get to the bottom of the horrifying.
“They Are Here” - is a first-person horror story about a journalist who witnessed an alien invasion at the Grayswood farm. Explore the area armed with a flashlight. Take photos of evidence of aliens presence and get to the bottom of the horrifying.