Jag Vamda Acquires Multifamily Property In Sherman Oaks For $10.46M
4417 Hazeltine Avenue, Sherman Oaks, CA, USA
$10,460,000
$463/SF
Building Size
22,585 SF
Asset Type
MultiFamily
Closing
Aug 23, 2021
AI
Located in the market of Sherman Oaks, the multifamily property at 4417 Hazeltine Avenue recently changed ownership in a closed transaction. The property comprises 24 units with a total square footage of 22,585. The sale price for this transaction was $10,460,000, which equates to an average price per unit of $435,833. The price per square foot stands at $463. The Gross Rent Multiplier (GRM) is calculated at 16.33x, and the Capitalization Rate (CAP) is at 3.53%.
Summary of Transaction Details:
- Property Type: Multifamily
- Transaction Amount: $10,460,000
- Units: 24
- Price per Unit (PPU): $435,833
- Square Footage (SF): 22,585
- Price per Square Foot (PPSF): $463
- Gross Rent Multiplier (GRM): 16.33x
- Capitalization Rate (CAP): 3.53%
Jag Vamda became the new buyer of the property, while Al Pace served as the seller. The transaction was facilitated by Rick Raymundo from Marcus & Millichap, who represented both the buyer and the seller in this deal.
Players
Los Angeles 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
1.52%
Cash-on-Cash
-0.43%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93