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12-Unit Multifamily Property Sold For $2.875M In Tujunga With Brokers Arthur Mangassarian Levon Matti And Stephanie Mangassarian

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SOLD
$2,875,000
Arthur Mangassarian
Stephanie Mangassarian
Levon Matti

California

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MultiFamily8,732 SF
Sold 08/22/2024
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Property Image
SOLD

12-Unit Multifamily Property Sold For $2.875M In Tujunga With Brokers Arthur Mangassarian Levon Matti And Stephanie Mangassarian

10205 Plainview Avenue

See Similar Deals
MultiFamily8,732 SF
Sold 08/22/2024
Arthur Mangassarian
Stephanie Mangassarian
Levon Matti
the dealplayerscompscontact
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Summary

CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$329
Total Square Footage:8,732 SF
Transaction Type:Sale

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

Arthur Mangassarian
Re/Max
Arthur Mangassarian
1 deal$2.9M volume(818) 636-8899
BROKER
Stephanie Mangassarian
Re/Max
Stephanie Mangassarian
1 deal$2.9M volume(818) 808-3989
BROKER
Levon Matti
Re/Max
Levon Matti
1 deal$2.9M volume(818) 636-2055
BROKER

Details

SOLD
IMAGE: Arthur Mangassarian, Stephanie Mangassarian & Levon Matti DATE: 08/22/2024 ADDRESS: 10205 Plainview Avenue MARKET: Tujunga ASSET TYPE: Multifamily BROKERS: Arthur Mangassarian (@Arthursellsfaster), Levon Matti (@LevonMatti) & Stephanie Mangassarian (@StephanieMangassarian) - Re/Max Tri-City Realty (@RemaxTriCity) SALE PRICE: $2,875,000 UNITS: 12 ~ PPU: $239,583 SF: 8,732 ~ PPSF: $329 NOTE: A 12-unit multifamily property at 10205 Plainview Avenue in Tujunga sold for $2.875M, brokered by Arthur Mangassarian, Levon Matti, and Stephanie Mangassarian of Re/Max Tri-City Realty. The secured, gated property features a mix of 1- and 2-bedroom units with fireplaces, 20+ parking spaces, and has benefited from rising property values in the area.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$153,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$10,214.28
Cash-on-Cash Return-1.27%
Monthly Debt Service$13,628.97
Annual Debt Service$163,547.60