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Investor Purchases Apartments Near CSUN for $7 Million

Hannah Madans Welk
By Hannah Madans Welk
38
University Gardens apartment building at 8762 Etiwanda Ave. in Northridge.

A private investor has acquired a 29-unit apartment building in Northridge for $6.95 million, or $239,655 per unit. According to CoStar Group, Tamkin Enterprises, represented by Steve Tamkin, bought the University Gardens apartment building at 8762 Etiwanda Ave. from Redondo Beach real estate entity Cosmo Investments. Marcus & Millichap’s Filip Niculete and Josh Hill in the Encino office represented Tamkin, while Marcus & Millichap’s El Segundo-based team of Paul Darrow, Gregory Harris, Kevin Green and Joe Grabiec represented Cosmo. Located in housing-challenged Northridge, the multifamily dwellings stand about a mile away from the campus of California State University — Northridge.

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Hannah Madans Welk
Hannah Madans Welk
Hannah Madans Welk is a managing editor at the Los Angeles Business Journal and the San Fernando Valley Business Journal. She previously covered real estate for the Los Angeles Business Journal. She has done work with publications including The Orange County Register, The Real Deal and doityourself.com.

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