Ararat Tahmazyan Acquires Multi Family Property In Tujunga, CA For $1.6M
10408 Fairgrove Avenue, Sunland-Tujunga, California 91042, United States
$1,600,000
$358/SF
Building Size
4,462 SF
Asset Type
MultiFamily
Closing
Feb 27, 2022
AI
Located in Tujunga, CA, this multi-family property at 10408-10416 Fairgrove Avenue recently changed hands in a sale transaction. The property consists of 6 units, with a total square footage of 4,462. The sale price for this asset was $1,600,000, resulting in a price per unit of $266,667 and a price per square foot of $359.
Summary of transaction details
- Property Type: Multi Family
- Transaction Amount: $1,600,000
- Address: 10408-10416 Fairgrove Avenue
- Market: Tujunga, CA
Ararat Tahmazyan was the buyer in this transaction, while the seller was Bradley V Gilmore. The deal was facilitated by Eduard Khachatryan from Global Equity Partners, representing the buyer.
Players
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
9.91%
Cash-on-Cash
-2.83%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93