Tujunga Multifamily Property Sold For $1.65M With Broker Syuzi Hakobyan Of JohnHart Real Estate
10345 Pinyon Avenue
$1,650,000
$419/SF
Building Size
3,934 SF
Asset Type
MultiFamily
Closing
Aug 20, 2024
AI
The property asset involved in this transaction is a multifamily building located at 10345 Pinyon Avenue in Tujunga. The sale price for the asset was $1,650,000. This property contains a total of 7 units, with a price per unit of $235,714. The building has a total square footage of 3,934, translating to a price per square foot of $419.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,650,000
- Units: 7
- Price Per Unit: $235,714
- Square Feet: 3,934
- Price Per Square Foot: $419
- Date of Transaction: 08/20/2024
- Broker: Syuzi Hakobyan - JohnHart Real Estate
The key individual in this transaction is broker Syuzi Hakobyan, who represents the interests of the involved parties through JohnHart Real Estate. This transaction highlights the role of brokers in facilitating the exchange of multifamily properties in the market.
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
9.61%
Cash-on-Cash
-2.75%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93