The Small Space Marketplace

List Your Space

Find Space

Home About Us Executive Subscriber Membership RENTV Conferences Newsletter Contact Us Advertise
August 9, 2020
 Search RENTV
 Video Programs
News Home Page
Southern California
Northern California
Pacific Northwest
Prop. Management
Press Releases
 R. E. Marketplace
Service Providers
Property Spotlight
 RENTV  Conferences
Subscriber Login:
Forgot Password?

Printer-friendly Version   Email an Associate
50-Year-Old Apartment Building in Mar Vista Fetches $300k/Unit


A 41-unit, value-add multifamily asset in the Mar Vista neighborhood of Los Angeles’ affluent Westside region, sold for $12.28 mil, or $299.5k per unit. It was sold by a member of the original builder’s family, who had owned the asset for almost 50 years.

The property is located at 4325 Berryman Ave, north of Culver blvd and west of the 405 Fwy. Built in 1972, the property offers all one-bedroom floorplans in a two-story building situated on 33.9k sf of land.

Paul Darrow and Kevin Green with THG Multifamily of Marcus & Millichap represented the seller in the transaction.

“The property garnered interest from private and institutional investors looking to acquire scale in a market surrounded by Google, Apple, Amazon, and Microsoft,” noted Darrow. “Investors from Los Angeles, New York, and San Francisco surfaced during the marketing campaign as a result of the extremely limited buying opportunities in this high-growth market and the clear opportunity to increase revenue through luxury renovations.”

Return to the Archive 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