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San Fernando Valley MF Asset Trades for $93M
Institutional Property Advisors (IPA), a division of Marcus & Millichap, completed the $93 million sale of Carillon Apartment Homes, a 264-unit, 235,214-square-foot multifamily property in Los Angeles’ Warner Center/Woodland Hills area. The sales price works out to $352,272 per-unit for an asset constructed in 2008 on more than five acres.
IPA’s Greg Harris, Ron Harris, Kevin Green and Joseph Grabiec represented the seller, Fairfield Warner LLC, which was represented by Fairfield Residential, and procured the buyer, MG Properties Group.
Greg Harris says, “Single-family home values have risen more than 60% over the last five years to $850,000, creating a significant affordability gap between owning and renting.”
For comments, questions or concerns, please contact Dennis Kaiser
- ◦Sale/Acquisition




