Abraham Chuljiyan And Shayan Asgharnia Purchase Multifamily Asset In Sherman Oaks For $4.855M
SOLD
$4,855,000
California
See Similar DealsMultiFamily42,816 SF
Sold 12/18/2024
SOLD
Abraham Chuljiyan And Shayan Asgharnia Purchase Multifamily Asset In Sherman Oaks For $4.855M
14825 Magnolia Boulevard, 12032 Magnolia Boulevard & 1900 North Normandie Avenue
See Similar DealsMultiFamily42,816 SF
Sold 12/18/2024
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$113
Total Square Footage:42,816 SF
Transaction Type:Sale
The asset involved in this transaction is a multifamily property located at 14825 Magnolia Boulevard, 12032 Magnolia Boulevard & 1900 North Normandie Avenue, situated in the Sherman Oaks, Valley Village, Los Angeles market. The sale price for this property was $4,855,000. It contains 18 units with a price per unit of $269,722. The total square footage of the asset is 14,272, resulting in a price per square foot of $340.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $4,855,000
- Units: 18
- Price Per Unit: $269,722
- Square Footage: 14,272
- Price Per Square Foot: $340
- Buyer: Abraham Chuljiyan & Shayan Asgharnia
- Seller: Rosemarie Benardello
- Broker: David Saghian - Kidder Mathews
The transaction involved Abraham Chuljiyan and Shayan Asgharnia as the buyers, while Rosemarie Benardello was the seller of the multifamily property. David Saghian from Kidder Mathews acted as the broker representing the seller in this transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$258,933.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$17,248.80
Cash-on-Cash Return-1.27%
Monthly Debt Service$23,015.18
Annual Debt Service$276,182.12
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