{"id":273,"date":"2019-12-10T10:43:09","date_gmt":"2019-12-10T18:43:09","guid":{"rendered":"https:\/\/www.lee-associates.com\/los-angeles-north\/?p=273"},"modified":"2019-12-10T10:43:09","modified_gmt":"2019-12-10T18:43:09","slug":"lee-associates-la-north-ventura-transacts-5590000-multifamily-sale","status":"publish","type":"post","link":"https:\/\/www.lee-associates.com\/los-angeles-north\/2019\/12\/10\/lee-associates-la-north-ventura-transacts-5590000-multifamily-sale\/","title":{"rendered":"Lee & Associates-LA North\/Ventura Transacts $5,590,000 Multifamily Sale"},"content":{"rendered":"

Property, consisting of 18 townhomes in L.A.\u2019s Van Nuys submarket, sells for $310,556 PSF<\/em><\/span><\/h3>\n

 <\/p>\n

LOS ANGELES — DEC. 10, 2019 \u2013 <\/strong>Erwin Apartments, a multifamily property consisting of 18 townhouse units at 14740 Erwin St. in the Van Nuys submarket of Los Angeles, has sold for $5,590,000 or $310,556 per unit, according to Warren Berzack, principal of Lee & Associates-LA North\/Ventura (Lee LANV), who represented the seller with Lee Principal Slavic Zlatkin.<\/p>\n

\u201cThis property is non-rent-controlled with a lot of rental upside,\u201d Berzack said. \u201cAlong with that, it is located in a very walkable neighborhood close to amenities, transportation and schools, making it a highly attractive investment.\u201d<\/p>\n

Built in 2007, the property falls within the age guidelines to make it exempt from California\u2019s rent cap legislation taking effect in January.<\/p>\n

The property features 18 townhouses of about 900 square feet with two bedrooms and two baths, balconies and central air and heating.<\/p>\n

The seller and buyer are both private investors.<\/p>\n","protected":false},"excerpt":{"rendered":"

Property, consisting of 18 townhomes in L.A.\u2019s Van Nuys submarket, sells for $310,556 PSF   LOS ANGELES — DEC. 10, 2019 \u2013 Erwin Apartments, a multifamily property consisting of 18 townhouse units at 14740 Erwin St. in the Van Nuys submarket of Los Angeles, has sold for $5,590,000 or $310,556 per unit, according to Warren Berzack, principal of Lee & Associates-LA North\/Ventura (Lee LANV), who represented the seller with Lee Principal Slavic Zlatkin. \u201cThis property…<\/p>\n","protected":false},"author":65,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-273","post","type-post","status-publish","format-standard","hentry","category-press-releases"],"yoast_head":"\nLee & Associates-LA North\/Ventura Transacts $5,590,000 Multifamily Sale - Lee & Associates North Los Angeles<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.lee-associates.com\/los-angeles-north\/2019\/12\/10\/lee-associates-la-north-ventura-transacts-5590000-multifamily-sale\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Lee & Associates-LA North\/Ventura Transacts $5,590,000 Multifamily Sale\" \/>\n<meta property=\"og:description\" content=\"Property, consisting of 18 townhomes in L.A.\u2019s Van Nuys submarket, sells for $310,556 PSF   LOS ANGELES — DEC. 10, 2019 \u2013 Erwin Apartments, a multifamily property consisting of 18 townhouse units at 14740 Erwin St. in the Van Nuys submarket of Los Angeles, has sold for $5,590,000 or $310,556 per unit, according to Warren Berzack, principal of Lee & Associates-LA North\/Ventura (Lee LANV), who represented the seller with Lee Principal Slavic Zlatkin. \u201cThis property...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.lee-associates.com\/los-angeles-north\/2019\/12\/10\/lee-associates-la-north-ventura-transacts-5590000-multifamily-sale\/\" \/>\n<meta property=\"og:site_name\" content=\"Lee & Associates North Los Angeles\" \/>\n<meta property=\"article:published_time\" content=\"2019-12-10T18:43:09+00:00\" \/>\n<meta name=\"author\" content=\"sgarcia\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"sgarcia\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.lee-associates.com\\\/los-angeles-north\\\/2019\\\/12\\\/10\\\/lee-associates-la-north-ventura-transacts-5590000-multifamily-sale\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.lee-associates.com\\\/los-angeles-north\\\/2019\\\/12\\\/10\\\/lee-associates-la-north-ventura-transacts-5590000-multifamily-sale\\\/\"},\"author\":{\"name\":\"sgarcia\",\"@id\":\"https:\\\/\\\/www.lee-associates.com\\\/los-angeles-north\\\/#\\\/schema\\\/person\\\/555b2a385a18e7a4a0b8e40a2fcc244d\"},\"headline\":\"Lee & Associates-LA North\\\/Ventura Transacts $5,590,000 Multifamily Sale\",\"datePublished\":\"2019-12-10T18:43:09+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.lee-associates.com\\\/los-angeles-north\\\/2019\\\/12\\\/10\\\/lee-associates-la-north-ventura-transacts-5590000-multifamily-sale\\\/\"},\"wordCount\":161,\"commentCount\":0,\"articleSection\":[\"Press Releases\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.lee-associates.com\\\/los-angeles-north\\\/2019\\\/12\\\/10\\\/lee-associates-la-north-ventura-transacts-5590000-multifamily-sale\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.lee-associates.com\\\/los-angeles-north\\\/2019\\\/12\\\/10\\\/lee-associates-la-north-ventura-transacts-5590000-multifamily-sale\\\/\",\"url\":\"https:\\\/\\\/www.lee-associates.com\\\/los-angeles-north\\\/2019\\\/12\\\/10\\\/lee-associates-la-north-ventura-transacts-5590000-multifamily-sale\\\/\",\"name\":\"Lee & Associates-LA North\\\/Ventura Transacts $5,590,000 Multifamily Sale - 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