Reza Ghobadi, Senior Vice President
Colliers International’s Ghobadi Multifamily Team sold the 45-unit apartment complex at 18414 Collins Street in Tarzana for $8.5 million. Situated in a prime location, the property is comprised of various sized units that together come to more than 27,000 square feet of rentable space on 43,560 square feet of land. The complex has been well maintained since it was built in 1971 and has recently undergone certain upgrades, including the installation of a brand new roof in 2017. The property offers an on-site laundry facility, a sparkling swimming pool, and 55 parking spaces for residents. Furthermore, the property is thought to have copper plumbing and is master metered for gas and electricity. Located north of Burbank Boulevard, this complex is within walking distance from shops, restaurants and entertainment venues that line Ventura Boulevard. Furthermore, the building sits mere minutes from the 101 Freeway.
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