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California  + Los Angeles  + Apartments  | 

Matthews Arranges $26M Sale of Chatsworth Apartment Complex

Mountain View Manor Apartments in Chatsworth traded hands for $26.4 million. The 97-unit community is located at 21700-34 Septo St. The property sold at a low 12 gross rent multiplier (GRM) with a 5.25% cap rate.

The multifamily asset was built in 1977 and received its Certificate of Occupancy post 1978 and therefore is not subject to Los Angeles City rent control. The property is situated on an 83,124-square-foot lot. The gated apartment complex has four swimming pools, a jacuzzi, a BBQ area, laundry facilities, and assigned parking.

Matthews Real Estate Investment Services’ John Boyett and Daniel Withers represented the buyer, Woodland Hills-based Sussex Capital Group. The seller was an unnamed private family that was represented by Keller Williams.

The seller plans to exit California and focus its investment strategy on properties in the Northwest.

For comments, questions or concerns, please contact Dennis Kaiser

Read More News Stories About: Keller Williams
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About Dennis Kaiser

Dennis Kaiser is Vice President of Public Relations and Communications for Connect Creative. Dennis is a communications leader with more than 40 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect Creative’s agency client services and is involved in a range of initiatives ranging from public relations and content strategy, communications and message development, copywriting, media relations, social media and content marketing services. Prior to joining Connect Media in 2015, his most recent corporate communications roles involved leading a regional public relations effort across Southern California for CBRE, playing a key marketing role on JLL’s national retail team, and directing the global public relations effort at ValleyCrest (BrightView), the nation’s largest commercial landscape services company. He has worked on marketing communications assignments for such CRE companies as Blackstone/Equity Office, Carlyle, Caruso, Disney Resorts, GE Capital, Irvine Company, Hines, Howard Hughes Corp., Jeffries, Lennar, MGM, Marcus & Millichap, Prologis, Raleigh Studios, Simon, Starwood, Trammell Crow Company, Transamerica, UBS and Wynn Resorts. Dennis has also worked on communications and launch strategies for a number of consumer electronic, media and tech brands including SlingMedia, Channel Master, Deluxe Media Entertainment, BeIn Sports, EchoStar and Sprint. Dennis’s agency background included firms such as Off Madison Ave., Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, Boy Scouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and the Thunderbirds Charities.

  • ◦Sale/Acquisition
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