September 27, 2016 Comments Off on Marcus & Millichap Completes $72.5M MF Sale Views: 370 California News, Los Angeles, West

Marcus & Millichap Completes $72.5M MF Sale

Calabasas, CA-based Marcus & Millichap’s Institutional Property Advisors (IPA) division closed the sale of Waterstone Apartment Homes, a 348-unit multifamily community in Chatsworth, CA. The $72.5 million sales price equates to more than $208,000 per unit.

The property was built in 1971 at 9901 Lurline Ave. near the Westfield Topanga shopping mall and the Chatsworth Metrolink station. The 250,428-square-foot property features a clubhouse with billiard tables, a large swimming pool and a spa, a lighted tennis court, a barbecue/picnic area, and a fitness center.

IPA’s Greg Harris, along with Ron Harris, Kevin Green, Joseph Grabiec and Paul Darrow, represented the unnamed seller, and procured the undisclosed buyer.

Read More at Business Wire

Connect with IPA’s Greg Harris

For comments, questions or concerns, please contact Dennis Kaiser

Tags: ,

Comments are closed.