Jag Vamda Acquires Multifamily Property In Sherman Oaks For $10.46M

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.