Albert Baghdasarian Acquires Multifamily Property From Srinivas Yalamanchili For $1.225M In North Hollywood

The property asset involved in the transaction is a multifamily building located at 11419 Cumpston Street in North Hollywood. It features 6 units and encompasses a total of 2,880 square feet. The sale price was $1,225,000, resulting in a price per unit of $204,166 and a price per square foot of $425.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $1,225,000
• Units: 6
• Square Footage: 2,880
• Price Per Unit: $204,166
• Price Per Square Foot: $425
• Buyer: Albert Baghdasarian
• Seller: Srinivas Yalamanchili
• Seller's Representative: Akash Saini - Keller Williams Realty
• Date of Transaction: 5/29/2025
• Market: North Hollywood

This transaction involved Albert Baghdasarian as the buyer and Srinivas Yalamanchili as the seller, with Akash Saini from Keller Williams Realty representing the seller in the deal. Despite experiencing a challenging market downturn, this property was successfully sold within 19 months of its acquisition, resulting in a notable profit for the seller.