Gevork Oganyan Acquires Tujunga Multifamily For $1.325M

Gevork Oganyan has purchased a multifamily property located at 10345 Pinyon Avenue in Tujunga. The property consists of 7 units with a total square footage of 3,934. The sale price for this transaction was $1,325,000, resulting in a price per unit of $189,286 and a price per square foot of $337. The property was sold by Camille Dull.

Summary of transation details

• Property Type: Multifamily
• Transaction Amount: $1,325,000
• Address: 10345 Pinyon Avenue
• Market: Tujunga

Filip Niculete, Glen Scher, and Jordan Epstein from the LAAA Team at Marcus & Millichap represented the buyer and seller in this deal. The transaction generated 5 offers in just 2 weeks, and it closed within a 20-day escrow period with an all-cash close. The property was purchased at a 5.40% capitalization rate and an 11.78 gross rent multiplier (GRM). The brokers' note highlights the fact that this property consists of 7 units and is located in Tujunga.