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LOS ANGELES — Marcus & Millichap has arranged the sale of a three-property multifamily portfolio totaling 50 units in the Panorama City neighborhood of Los Angeles. The asset traded for $9.1 million, or $182,000 per unit. The portfolio includes 14808 Blythe St., 14820 Blythe St. and 7918 Kester Ave.
Rick Raymundo and Phil Rodgers of Marcus & Millichap represented the undisclosed buyer, while Jeff Louks and Elliot Sabag, also of Marcus & Millichap, represented the undisclosed seller in the deal. JP Morgan Chase Bank provided acquisition financing for the buyer.