Arthur Chalekian Of JohnHart Real Estate Represents Seller In $4.65M Multifamily Sale In Studio City
4374 Troost Avenue
$4,650,000
$434/SF
Building Size
10,708 SF
Asset Type
MultiFamily
Closing
Dec 10, 2024
AI
The multifamily property located at 4374 Troost Avenue in Studio City has been sold for a transaction amount of $4,650,000. This asset comprises 6 units and covers a total square footage of 10,708, resulting in a price per unit of $775,000 and a price per square foot of $434.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $4,650,000
- Units: 6
- Square Footage: 10,708
- Price per Unit: $775,000
- Price per Square Foot: $434
- Address: 4374 Troost Avenue
- Market: Studio City
- Seller's Representative: Arthur Chalekian - JohnHart Real Estate
The sale was represented by Arthur Chalekian from JohnHart Real Estate, who facilitated the transaction on behalf of the seller, ensuring a successful closing on this multifamily investment in the competitive Studio City market.
Studio City 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
3.41%
Cash-on-Cash
-0.97%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93