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10408 Fairgrove Avenue, Sun...

Ararat Tahmazyan Acquires Multi Family Property In Tujunga, CA For $1.6M
SOLDMultiFamily

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

Eduard Khachatryan

Broker

$7.7M

vol

3 deals

Broker

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