Vardkes Bazikian Acquires MultiFamily Property In North Hollywood For $1.25M

A multi-family property located at 10650 Camarillo Street in North Hollywood has been sold. The property consists of 2 units, with a total square footage of 1,910. The sale price for this transaction was $1,250,000, resulting in a price per unit of $625,000 and a price per square foot of $654.

Summary of transation details

• Property Type: MultiFamily
• Transaction Amount: $1,250,000
• Address: 10650 Camarillo Street
• Market: North Hollywood
• Units: 2
• Total Square Footage: 1,910
• Price Per Unit: $625,000
• Price Per Square Foot: $654

The buyer of the property is Vardkes Bazikian, while the seller is Andrew Osborne. The deal was brokered by Filip Niculete and Glen Scher of the LAAA Team at Marcus & Millichap. It is worth noting that the property was sold above the list price.

The seller was able to increase cash flow by 415% through a DST Exchange, resulting in a highly profitable transaction. The opening of escrow was fully non-contingent, indicating a smooth and straightforward process.