The Azzi Group at Marcus & Millichap closed 2024 with the $85-million sale of the San Fernando Valley portfolio. The portfolio featured 596 apartment units across 16 parcels, reportedly making it the largest multifamily deal in the Valley this past year and the sixth largest in Los Angeles County for 2024.
“This highly competitive process attracted 28 offers, showcasing the strength of the market and our ability to navigate complex deals with strategic execution and collaboration,” the group said in a LinkedIn posting. Tony Azzi served as the seller’s agent, while the buyers’ agents included Rabbie Banafsheha, Kristen Sullivan and Arteen Zahiri.
The group has several active listings and is also under contract for four major deals, including Silverlake Towers in Los Angeles.
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