Ararat Tahmazyan Acquires Multi Family Property In Tujunga, CA For $1.6M
SOLD
$1,600,000
California
See Similar DealsMultiFamily4,462 SF
Sold 02/28/2022
SOLD
Ararat Tahmazyan Acquires Multi Family Property In Tujunga, CA For $1.6M
10408 Fairgrove Avenue, Sunland-Tujunga, California 91042, United States
See Similar DealsMultiFamily4,462 SF
Sold 02/28/2022
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$358
Total Square Footage:4,462 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$85,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$5,684.48
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,584.82
Annual Debt Service$91,017.80
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