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Randy Sarmiento Acquires Multifamily Property In Los Angeles For $1.54M

Property Image
SOLD
$1,535,888
Nicole Lu
Yana Vlady
Kirk Garibian

California

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MultiFamily4,156 SF
Sold
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SOLD

Randy Sarmiento Acquires Multifamily Property In Los Angeles For $1.54M

216 North Normandie Avenue

See Similar Deals
MultiFamily4,156 SF
Sold
Nicole Lu
Yana Vlady
Kirk Garibian
the dealplayerscompscontact
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Summary

CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$369
Total Square Footage:4,156 SF
Transaction Type:Sale

The multifamily property located at 216 North Normandie Avenue in Los Angeles was sold for $1,535,888. The property consists of 6 units with a total square footage of 4,156. The price per unit equated to $255,981, and the price per square foot was $370. The sale also yielded a capitalization rate of 4.54% and a gross rent multiplier of 13.48.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,535,888
  • Units: 6
  • Square Footage: 4,156
  • Price Per Unit: $255,981
  • Price Per Square Foot: $370
  • Cap Rate: 4.54%
  • Gross Rent Multiplier: 13.48
  • Address: 216 North Normandie Avenue
  • Market: Los Angeles

Randy Sarmiento acquired the property from Jose Chavez in the transaction. The buyer was represented by Kirk Garibia from Berkshire Hathaway Homeservices California Properties. On the seller's side, Yana Vlady from Marcus & Millichap and Nicole Lu from Maher Commercial Realty facilitated the sale.

Players

Yana Vlady
Marcus & Millichap
Yana Vlady
12 deals$58.7M volume
BROKER
Nicole Lu
Maher Commercial Realty
Nicole Lu
4 deals$8.7M volume
BROKER
Kirk Garibian
Berkshire Hathaway HomeServices
Kirk Garibian
2 deals$2.4M volume(626) 665-3457
BROKER

Details

SOLD
IMAGE: Yana Vlady, Kirk Garibian & Nicole Lu DATE: 04/09/2024 ADDRESS: 216 North Normandie Avenue MARKET: Los Angeles ASSET TYPE: Multifamily BUYER: Randy Sarmiento SELLER: Jose Chavez BUYER'S REP: Kirk Garibia (@KirkGaribian) - Berkshire Hathaway Homeservices California Properties (@BHHSCalifornia) SELLER'S REP: Yana Vlady (@Vladycre) - Marcus & Millichap (@MarcusMillichapinc); Nicole Lu - Maher Commercial Realty (@MaherCommercial) SALE PRICE: $1,535,888 UNITS: 6 ~ PPU: $255,981 SF: 4,156 ~ PPSF: $370 CAP RATE: 4.54% GRM: 13.48

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