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4374 Troost Avenue

Arthur Chalekian Of JohnHart Real Estate Represents Seller In $4.65M Multifamily Sale In Studio City
SOLDMultiFamily

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.

Players

Arthur Chalekian

JohnHart Real Estate

Broker

$4.7M

vol

1 deal

Broker

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