Carin & Sevag Touloumdjian Acquire Multifamily Property At 4503 Castle Lane For $1.28M

The multifamily property located at 4503 Castle Lane, situated in La Cañada Flintridge, was sold for $1,280,000. This asset comprises three units, with a total square footage of 2,335. The price per unit amounts to $426,666, while the price per square foot is set at $548.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $1,280,000
• Units: 3
• Square Footage: 2,335
• Price Per Unit: $426,666
• Price Per Square Foot: $548
• Buyer: Carin & Sevag Touloumdjian
• Brokers: Morgan Wetmore, Filip Niculete & Glen Scher - LAAA Team - Marcus & Millichap
• Date: 04/30/2026
• Market: La Cañada Flintridge

The LAAA Team, consisting of Morgan Wetmore, Filip Niculete, and Glen Scher, successfully represented the sale of the property, marking their second transaction in the Foothill submarket within two months. They received a total of 11 offers from qualified buyers shortly after the property went to market and closed the deal 30 days post acceptance at a 3.70% cap rate and 98.46% of the list price.