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4/18/12
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David Pourbaba of 4D Development & Investment recently closed on the acquisition of a 157-unit multifamily property that consisted of a portfolio of co-op units in Sun Valley, a community in the northeast San Fernando Valley. The deal closed escrow at a price of $9.85 mil.
The highly complex transaction included eight adjacent multifamily buildings constructed in the 1960's and 1970's, that had been converted to a cooperative stock ownership structure. The sale units were being operated as rental housing. The property was sold by LA-based Pegasus Investments.
4D Development & Investment is a value-added investment and development company that specializes in complex assets and opportunities throughout the Western US. The firm was repped by Avi Hakim of Wilshire Management.
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