16 Units | Studio City | Record Sale | 1031 Exchange Buyer
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The LAAA Team of Marcus & Millichap is proud to announce the successful sale of 4077-4083 Tujunga Avenue located in Studio City, California.
RECORD SALE STATS
Per CoStar, this sale has cemented itself into the all-time sale record books for 5+ unit multifamily sales in the city of Studio City. CoStar now has this listed as the #1 highest price per unit ever for a multifamily property built before the year 2005. Additionally, it is the #3 highest price per square foot ever in Studio City, for any building built in all years, even including brand new construction buildings.
*note: Costar's two highest price/sqft sale records are for properties that sold for land value and have since been redeveloped, and therefore those two sales' stats were not included in our claims above.
PROPERTY INFORMATION
The LAAA Team of Marcus & Millichap is proud to announce the successful sale of 4077-4083 Tujunga Avenue located in Studio City, California.
RECORD SALE STATS
Per CoStar, this sale has cemented itself into the all-time sale record books for 5+ unit multifamily sales in the city of Studio City. CoStar now has this listed as the #1 highest price per unit ever for a multifamily property built before the year 2005. Additionally, it is the #3 highest price per square foot ever in Studio City, for any building built in all years, even including brand new construction buildings.
*note: Costar's two highest price/sqft sale records are for properties that sold for land value and have since been redeveloped, and therefore those two sales' stats were not included in our claims above.
