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4417 Hazeltine Avenue, Sher...

Updated Dec 21, 2023

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

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

About this deal

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

Rick Raymundo

Marcus & Millichap

Broker

$432.2M

vol

55 deals

Broker
Alfred Pace

Alfred Pace

Pacific Urban Residential

Seller

$1.4B

vol

14 deals

Seller

Los Angeles MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $463 per square foot on a published $10.5M for 22,585 square feet (2021).

Visit Rick Raymundo to view all their deals.

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

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