Abraham Chuljiyan And Shayan Asgharnia Purchase Multifamily Asset In Sherman Oaks For $4.855M
14825 Magnolia Boulevard, 12032 Magnolia Boulevard & 1900 North Normandie Avenue
$4,855,000
$113/SF
Building Size
42,816 SF
Asset Type
MultiFamily
Closing
Dec 18, 2024
AI
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.
Sherman Oaks MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.27%
Cash-on-Cash
-0.93%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93