 |
| Vista Modern Apartments, 4632-4646 Vista Del Monte Avenue, San Fernando Valley Sherman Oaks, CA |
LOS ANGELES,
CA – Marcus & Millichap (NYSE: MMI), a leading commercial real estate
investment services firm with offices throughout the United States and Canada,
has arranged the sale of Vista Modern,
a four-story, 34-unit apartment complex in Sherman Oaks, Calif.
The $16,510,000 sales price equates to
$485,588 per unit.
 |
| Jeff Louks |
Jeff Louks, senior vice president investments, and Janette
Monfared, senior associate, both in Marcus & Millichap’s Encino office,
represented the seller and procured the buyer, a Japanese construction company.
“Vista Modern is a new apartment
building located near Ventura Boulevard,” says Monfared. “Our unique investment
property sales platform produced a winning all-cash offer for the asset
followed by a three-week close.”
“As
once-robust economies in Asia cool, some Eastern investors seek to diversify
their portfolios with multifamily investment offerings in prime Los Angeles
locations,” adds Louks.
Built in
2014 just west of Van Nuys Boulevard at 4632-4646 Vista Del Monte Ave. in
Sherman Oaks, the apartment complex is close to public transportation, freeway
access and shopping and entertainment outlets along Ventura Boulevard. A
Gelson’s supermarket is close by and the Sherman Oaks Galleria is a short
distance away.
Apartments
at Vista Modern feature dark laminate wood floors, quartz countertops, stone
backsplashes, imported Italian cabinetry, large balconies, recessed lighting,
washers and dryers, nine-foot ceilings on floors one through three and 12-foot
ceilings on the fourth floor.
Community
amenities include a full fitness center, an extra-large rooftop patio with
lounge chairs, 68 subterranean parking spaces, and a full security system.
For a complete copy of the company’s
news release, please contact:
Gina Relva,
Public Relations Manager
(925)
953-1716
No comments:
Post a Comment