12-Unit Multifamily Property Sold For $2.875M In Tujunga With Brokers Arthur Mangassarian Levon Matti And Stephanie Mangassarian
10205 Plainview Avenue
$2,875,000
$329/SF
Building Size
8,732 SF
Asset Type
MultiFamily
Closing
Aug 22, 2024
AI
A 12-unit multifamily property at 10205 Plainview Avenue in Tujunga sold for $2.875M, encompassing 8,732 square feet. The property features a mix of 1- and 2-bedroom units with fireplaces and offers more than 20 parking spaces. The gated and secured property has experienced rising property values in the area.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,875,000
- Units: 12
- Price per Unit: $239,583
- Square Footage: 8,732
- Price per Square Foot: $329
The transaction was brokered by Arthur Mangassarian, Levon Matti, and Stephanie Mangassarian of Re/Max Tri-City Realty, representing the parties involved in the deal.
Players
Tujunga MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.52%
Cash-on-Cash
-1.58%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93