Van Nuys Apartment Sale is Neighborhood’s Largest by Unit Count Since 2015

Nuveen Real Estate has sold San Regis, a 390-unit multifamily property in the Van Nuys neighborhood of Los Angeles, for an undisclosed sum. The sale represents the largest multifamily transaction by unit count in Van Nuys since 2015, according to Institutional Property Advisors (IPA), a division of Marcus & Millichap, which arranged the deal.

“As the boundaries and strong demographics of Sherman Oaks and Encino continue to push north, Van Nuys has benefited from strong demand for renovated apartment homes in the San Fernando Valley,” said Kevin Green, IPA executive managing director investments.

He continued, “Because of nearly $17 million invested in capital improvements since 2020, this 1960s-vintage asset’s effective age is closer to 2000, which helped drive interest and activity.” Green, Joseph Grabiec and Gregory Harris of IPA represented Nuveen in the sale.

San Regis is a five-building, gated community with two levels of subterranean parking, a Junior Olympic-sized swimming pool, three pickleball courts, and a modernized fitness center. All units have breakfast bars and a private patio or balcony. Renovated units have stainless-steel appliances, quartz countertops, Shaker-style cabinets, and updated plumbing and lighting fixtures.

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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