SOLD
Gevork Oganyan Acquires Tujunga Multifamily For $1.325M
10345 Pinyon Avenue
MultiFamily
3,934 SF
3,934 SF
Sold 149 days ago
Summary
Sale
CALIFORNIA
MultiFamily
3,934 sqft
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.
Players
All
4
Agents
3
Agencies
1
Details
SOLD
IMAGE: Filip Niculete, Glen Scher & Jordan Epstein
DATE: 11/22/2023
ADDRESS: 10345 Pinyon Avenue
MARKET: Tujunga
ASSET TYPE: Multifamily
BUYER: Gevork Oganyan
SELLER: Camille Dull
BROKERS: Filip Niculete (@FNiculete), Glen Scher (@ScherGlen) & Jordan Epstein (@Spawlding) - LAAA Team (@LAAATeam) - Marcus & Millichap (@MarcusMillichapinc)
SALE PRICE: $1,325,000
UNITS: 7 ~ PPU: $189,286
SF: 3,934 ~ PPSF: $337
NOTE FROM BROKERS: 7 Units | Tujunga
Generated 5 Offers in 2 Weeks
20 Day Escrow - All Cash Close
Closed at $1,325,000
$189,286 per unit
$336.81.81 per SqFt
5.40% CAP
11.78 GRMView on map
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Address10345 Pinyon Avenue
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