The Small Space Marketplace

List Your Space

Find Space

Home About Us Executive Subscriber Membership RENTV Conferences Newsletter Contact Us Advertise
December 3, 2020
 Search RENTV
   Go!
 Video Programs
 News
News Home Page
Southern California
Northern California
Pacific Northwest
Texas/Southwest
Retail
Multifamily
Financing
Prop. Management
Archives
Press Releases
 R. E. Marketplace
Service Providers
JobWorks
Property Spotlight
 RENTV  Conferences
Subscriber Login:
  
Email      
    Go!
Password      
Forgot Password?



ETC... ETC...
Printer-friendly Version   Email an Associate
Multifamily Property in the Southern San Fernando Valley Goes for $230k/Unit

11/18/20

Bechir Apartments, a 118-unit multifamily asset in the southwest San Fernando Valley community of Tarzana sold for $27.1 mil, or about $229.7k per unit. The property is close to U.S. Route 101, Ventura Boulevard, and the Metro Orange Line, all of which give residents access to major employment hubs in Woodland Hills and Century City.

Built in 1969 on over two acres, the property has 24 studios, 52 one-bedroom units, and 42 two-bedroom apartments. Amenities include two swimming pools, on-site laundry, a fitness center and sauna, a large office space, and open parking spaces.

Michael Sterman and Jeff Louks with Marcus & Millichaprepresented the seller and procured the buyer, two long-term private clients.

“Vacancies are low in Tarzana and the property’s close proximity to Ventura Blvd and Warner Center will help ensure future rent growth,” noted Louks. The Warner Center Area is four miles away and California State University, Northridge is within six miles.




Return to the previous page


 


 


 


 
 



Home | About Us | Newsletter | Contact Us | Executive Subscriber Membership | Executive Subscriber Home | Advertise
Southern California | Northern California | Pacific Northwest | Southwest | Retail | Multifamily | Financing | Property Management
Archives | Press Releases | Service Providers | JobWorks | Property Listings

Copyright © 2020 by RENTV, All Rights Reserved
Website designed by Regency Web Services, Inc. and powered by Lightning Media