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San Fernando
Thursday, Mar 28, 2024

Apts Sold by Court Order

By MICHAEL AUSHENKER Staff Reporter An investor paid $17.4 million, or about $285,000 a unit, for a 61-unit apartment building in Sylmar put on the market by court order, according to CoStar Group. Eric Sackler and Susan Lau of Coldwell Banker Commercial NRT served as the listing agents. Grady Liu and Martin Ding with MacroReal Commercial transacted on behalf of the buyer. The apartment building, located at 12455 San Fernando Road, was built in 2014. The 61,650-square-foot multifamily includes five low-income units in its apartment mix. The complex also features a recreation room with billiards, fitness center, yoga space, communal kitchen and 105 subterranean parking spaces. According to the report, the property received multiple offers from regional and institutional buyers, with the property ultimately selling above its initial $15.5 million asking price.

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