Updated Dec 18, 2023
Rick Raymundo Acquires Sherman Oaks Multi Family Property For $9M
4417 Hazeltine Avenue, Sherman Oaks, CA 91423, USA
$9,000,000
$398/SF
Building Size
22,585 SF
Asset Type
MultiFamily
Closing
Aug 13, 2019
About this deal
AI
A multi-family property in Sherman Oaks has been sold for $9,000,000. Located at 4417 Hazeltine Avenue, the property was built in 1990 and consists of 24 units. The total square footage of the property is 22,585, resulting in a price per square foot of $398.49. The purchase price per unit was $375,000. The capitalization rate for this property is 3.07% and the gross rent multiplier is 17.22. This transaction was facilitated by Rick Raymundo from LACMultifamily.
Summary of transaction details
- Property Type: Multi Family
- Transaction Amount: $9,000,000
- Address: 4417 Hazeltine Avenue
- Market: Sherman Oaks
- Square Footage: 22,585
- Price per Square Foot: $398.49
- Number of Units: 24
- Price per Unit: $375,000
- Capitalization Rate: 3.07%
- Gross Rent Multiplier: 17.22
Rick Raymundo from LACMultifamily played a significant role as the broker in this transaction. With his expertise and representation, the deal was successfully executed.
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
1.76%
Cash-on-Cash
-0.50%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93