A $44-million financing deal for two San Fernando Valley apartment complexes is the latest in Los Angeles’ burgeoning multifamily investment space.
IPA Capital Markets, a division of Calabasas-based brokerage Marcus & Millichap, announced Wednesday that it had secured five-year fixed-rate, non-recourse loans with an unnamed national bank for multifamily properties in Van Nuys and Granada Hills.
Moderno Axis, a 126-unit complex at 7650 Van Nuys Blvd., received roughly $28.3 million in financing. And the newly built Moderno La Granada Hills, a 540-unit Spanish-style complex with retail space at 17454 Chatsworth St., got just over $15.7 million. Interest rates for the loans were locked at 5.4% and 5.6%.
The lender in the deal recognized the properties’ “strong performance, premier amenities and exceptional locations,” said Anita Paryani-Rice, a senior managing director at IPA, “enabling us to secure highly competitive terms and structure a solution aligned with our client’s longterm strategy.”
The complexes’ add-ons run the gamut from on-site pet grooming spas to a media theater. Decking out properties with sought-after amenities is a rising strategy among San Fernando Valley developers and owners looking to maximize their return-on-investment and retain tenants long-term.
“This financing reflects the strong demand we continue to see for highquality multifamily assets in Los Angeles,” Paryani Rice said.
While overall multifamily investment in L.A. sped up in 2025, which had 52% more sales than the previous year, the San Fernando Valley shone particularly bright.
The suburban hub represented roughly one-third of last year’s sales across the L.A. metro area, according to Northmarq, with several transactions closing between $125 and $185 million. Per-unit prices in the Valley ticked up 4% to $318,200 last year, compared to a 2% drop in median prices across L.A.