Van Nuys | 2020 Construction | 1031 Exchange Buyer
Considering selling? Get a complimentary, confidential valuation.
The closing of a brand new building located at 14019 Vanowen Street in Van Nuys, California. The property was build in 2020.
Through our marketing efforts we were able to generate multiple offers and awarded the deal to a 1031 exchange buyer that was purchasing their first multifamily asset. This deal was perfect for them since they wanted something with low management and maintenance. This property was appealing since it was brand new construction and it was individually metered for all utilities. Although a first time buyer, MMCC was able to provide a loan that was close to 70% loan to value. The property was sold for list price.
For more information on this sale, or to receive a complimentary evaluation on your multifamily property or land for multifamily development, please reach out to to Filip Niculete and Glen Scher. We also have a large inventory of new construction properties.
