Sara Franklin Acquires Multifamily Property In Toluca Lake For $10.025M

Located in Toluca Lake, this multifamily property at 10841 Whipple St. recently changed hands in a closed transaction. The sale was facilitated by Rick Raymundo from Marcus & Millichap. The property consists of 41 units, offering a spacious living environment to its residents. The sale price for this transaction was $10,025,000, with a per unit price of $244,512. The total square footage of the property is 24,510, resulting in a price per square foot of $409. The Gross Rent Multiplier (GRM) for this property is 16.29x, indicating a favorable investment opportunity. Additionally, the Capitalization Rate (CAP) for this asset stands at 3.38%, ensuring potential returns for the buyer.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $10,025,000
• Address: 10841 Whipple St.
• Market: Toluca Lake
• Units: 41
• Price per Unit: $244,512
• Square Footage: 24,510
• Price per Square Foot: $409
• Gross Rent Multiplier (GRM): 16.29x
• Capitalization Rate (CAP): 3.38%

Sara Franklin placed an offer on this property and successfully acquired it from Gim Tie Kheng. The deal was facilitated by Rick Raymundo, representing Sara Franklin as her broker from Marcus & Millichap. The transaction was finalized on February 23, 2022, marking a successful acquisition for the new owner.