Yossi Rosenbluth Acquires North Hollywood Multifamily For $1.14M

The multifamily property located at 12805 Vanowen Street in North Hollywood has been sold in a transaction. The property consists of 6 units with a total square footage of 4,208. The sale price for the property was $1,140,000, resulting in a per unit price of $190,000. The price per square foot was $271. The property is subject to rent control and was sold to an all-cash buyer.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $1,140,000
• Address: 12805 Vanowen Street
• Market: North Hollywood
• Buyer: Yossi Rosenbluth
• Seller: Minoo Moghimi
• Brokers: Filip Niculete, Glen Scher & Eli Appel - LAAA Team - Marcus & Millichap
• Units: 6
• Price per Unit: $190,000
• Square Footage: 4,208
• Price per Square Foot: $271

The transaction was facilitated by the LAAA team from Marcus & Millichap, represented by brokers Filip Niculete, Glen Scher, and Eli Appel. The property was sold with very low rents and deferred maintenance. Despite these factors, the sale generated a total of 6 offers and closed at $1,140,000. The property has a CAP rate of 4.05% and a gross rent multiplier (GRM) of 13.73.