Sherman Oaks Multifamily Sold For $2.4M With Jordan Asheghian & Tony Azzi As Brokers

Located in Sherman Oaks, this multifamily property at 14427 Tiara Street recently closed in a successful upleg for the clients' 1031 Exchange. The property is a brand new construction from 2019, featuring all 3 bed / 3 bath units. With a total area of 5,500 square feet, this asset was sold for $2,400,000, resulting in a price per square foot of $436.36.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $2,400,000
• Address: 14427 Tiara Street
• Market: Sherman Oaks

The deal was facilitated by brokers Jordan Asheghian and Tony Azzi, who represented the parties involved in the transaction. The sale closed within 24 hours after the completion of the downleg, showcasing the efficiency of the process. The property's prime location and its newly constructed units make it an attractive investment opportunity.