8 Units | Sherman Oaks
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The LAAA Team of Marcus & Millichap is proud to announce another successfully sold listing of this eight unit multifamily property located at 4528 Vista Del Monte Avenue, Sherman Oaks, CA.
With our unmatched marketing platform and database of multifamily investors, we were able to generate 5 offers on this listing within the first week of marketing. After a few rounds of negotiations, we were able to get a 1031 exchange buyer to separate themselves from the pack with a $1,995,000 priced offer, just $5,000 below our list price. Furthermore, this winning buyer's offer had just a 5 day inspection contingency period and a quick 30 day close. The buyer performed perfectly as stated by the contract, and we were able to have a very smooth escrow without any hiccups.
If you want to learn more about this successful sale, or if you want a pricing analysis of your multifamily property, please reach out to us today!
Description of Deal
The property is ideally situated south of the 101 Freeway and two blocks north of the Ventura Blvd and Van Nuys Blvd intersection, where tenants are within walking distance of Gelson's, Best Buy, CitiBank, US Bank, Pacific Movie Theatres, Shell Gas Station, In-N-Out Burger, and the countless shops and restaurants that the famous Ventura Blvd has to offer.
The LAAA Team of Marcus & Millichap is proud to announce another successfully sold listing of this eight unit multifamily property located at 4528 Vista Del Monte Avenue, Sherman Oaks, CA.
With our unmatched marketing platform and database of multifamily investors, we were able to generate 5 offers on this listing within the first week of marketing. After a few rounds of negotiations, we were able to get a 1031 exchange buyer to separate themselves from the pack with a $1,995,000 priced offer, just $5,000 below our list price. Furthermore, this winning buyer's offer had just a 5 day inspection contingency period and a quick 30 day close. The buyer performed perfectly as stated by the contract, and we were able to have a very smooth escrow without any hiccups.
If you want to learn more about this successful sale, or if you want a pricing analysis of your multifamily property, please reach out to us today!
Description of Deal
