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Van Nuys Apartments Trade for First Time Since Delivery
Marcus & Millichap closed the sale of 7203 Rubio Ave., a 30-unit multifamily property in the Lake Balboa neighborhood of Van Nuys. The property sold for $9.5 million or $316,667 per unit. Marcus & Mil
•schedule1 min read•Source: Connect CRE
Marcus & Millichap closed the sale of 7203 Rubio Ave., a 30-unit multifamily property in the Lake Balboa neighborhood of Van Nuys. The property sold for $9.5 million or $316,667 per unit. Marcus & Millichap Capital Corporation (MMCC), a subsidiary of Marcus & Millichap, secured $6,223,000 in acquisition financing. “Bringing this property to market for the first time since its construction in 2013 generated significant investor interest,” said Neema Ahadian, senior managing director investments