Investor Pays Nearly $15.3 Million for 59 Units
A private investor acquired the Northridge Villa apartments at 18521 Prairie St. and the adjacent Majestic Prairie apartments at 18561 Prairie St. in Los Angeles, California.
Weinreb Holdings sold the 59-unit, 45,015-square-foot multifamily portfolio for $15.25 million, or more than $258,000 per door.
The properties offer a swimming pool, fitness center, gated entrance, covered parking and laundry facilities.
Filip Niculete, Glen Scher and Makan Mostafavi with Marcus & Millichap the buyer. Niculete and Scher also represented the seller in the deal.
Please see CoStar COMPS #5702297 for more information on this transaction.