VAN NUYS, CA – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has brokered the sale of 99 condominiums within the 161-unit, 57,459-square foot Sonterra Homes, (top right photo) an REO complex in Van Nuys.
The sales price of $6.15 million represents $62,121 per unit.
Ron Harris, (bottom left photo) a senior vice president investments and senior director of the firm’s National Multi Housing Group in Los Angeles, represented the seller, a Chicago-based lender, and the buyer, Gidi Cohen of Cohen & Associates.
Located at 15425 Sherman Way, the property is situated between Sepulveda Boulevard and Interstate 405, within an easy commute to downtown Los Angeles, Beverly Hills /Century City, Warner Center and Burbank.
Property amenities include a swimming pool, spa, fitness center, ample controlled-access on-site parking, barbecue/picnic area and lushly landscaped mature-growth grounds with terra cotta fountains. The unit mix is 31 studios, 61 one-bedroom/one-bath units, six two-bedroom/one-bath units and one two-bedroom/two-bath apartment.
Van Nuys is in the heart of the San Fernando Valley.
Press Contact: Stacey Corso, Communications Department, (925) 953-1716
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