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10205 Plainview Avenue

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

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

Arthur Mangassarian

Re/Max

Broker

$2.9M

vol

1 deal

Broker

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