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Saturday, Apr 26, 2025

Sylmar Apartments Sold Under Court Order

An investor paid $17.4 million, or about $285,000 a unit, for a 61-unit apartment building in Sylmar put on the market by court order, according to CoStar. Eric Sackler and Susan Lau of Coldwell Banker Commercial NRT served as the listing agents. Grady Liu and Martin Ding with MacroReal Commercial transacted on behalf of the buyer. The apartment building, located at 12455 San Fernando Rd., was established in 2014. The 61,650-square-foot multifamily community includes five low-income units in its apartment mix. The complex also features a recreation room with billiards, fitness center, yoga space, communal kitchen and 105 subterranean parking spaces. According to the report, the property received multiple offers from regional and institutional buyers, with the property selling above its initial $15.5 million asking price.

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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