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Saturday, Feb 24, 2024

Investor Purchases Apartments Near CSUN for $7 Million

A private investor has acquired a 29-unit apartment building in Northridge for $6.95 million, or $239,655 per unit. According to CoStar Group, Tamkin Enterprises, represented by Steve Tamkin, bought the University Gardens apartment building at 8762 Etiwanda Ave. from Redondo Beach real estate entity Cosmo Investments. Marcus & Millichap’s Filip Niculete and Josh Hill in the Encino office represented Tamkin, while Marcus & Millichap’s El Segundo-based team of Paul Darrow, Gregory Harris, Kevin Green and Joe Grabiec represented Cosmo. Located in housing-challenged Northridge, the multifamily dwellings stand about a mile away from the campus of California State University — Northridge.

Michael Aushenker
Michael Aushenker
A graduate of Cornell University, Michael covers commercial real estate for the San Fernando Valley Business Journal. Prior to the Business Journal, Michael covered the community and entertainment beats as a staff writer for various newspapers, including the Jewish Journal of Greater Los Angeles, The Palisadian-Post, The Argonaut and Acorn Newspapers. He has also freelanced for the Santa Barbara Independent, VC Reporter, Malibu Times and Los Feliz Ledger.

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