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Wednesday, Jul 6, 2022

Studio City Apartment Building Fetches $6.3 Million

Via Studio City, a 15-unit apartment building located in Studio City, has changed hands for $6.3 million, or $420,000 per unit.The 15-unit structure at 4100 Whitsett Ave. was sold in an all-cash deal, which closed escrow in a fortnight.Rick Raymundo, a broker with Calabasas-based Marcus & Millichap Inc., represented the buyer as well as the seller. Both parties were private LLCs.Comparable transactions in the same general submarket include the 17-unit 10814-10818 Blix St. in North Hollywood, which sold in December for $4.5 million, or $264,705 per unit; and 6015 Woodman Ave., a 14-unit complex in Valley Glen, which sold in November for $5.45 million, or $391,285 per unit.

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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