Vigen Ohanian Sells Multifamily Property At 4528 Murietta Avenue In Sherman Oaks For $3.65M
SOLD
$3,651,500
California
See Similar DealsMultiFamily9,784 SF
Sold 06/28/2024
SOLD
Vigen Ohanian Sells Multifamily Property At 4528 Murietta Avenue In Sherman Oaks For $3.65M
4528 Murietta Avenue
See Similar DealsMultiFamily9,784 SF
Sold 06/28/2024
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$373
Total Square Footage:9,784 SF
Transaction Type:Sale
The property located at 4528 Murietta Avenue in Sherman Oaks is a multifamily asset comprising 12 units. It has a total square footage of 9,784, with a price per unit of $304,292 and a price per square foot of $373. The transaction concluded on June 28, 2024, with a final sale price of $3,651,500.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $3,651,500
- Units: 12
- Square Footage: 9,784
- Price Per Unit: $304,292
- Price Per Square Foot: $373
- Seller: Vigen Ohanian
- Brokers: Sev Keshishian & Shara Parseghian - The SK Group CRE - Marcus & Millichap
Sev Keshishian and Shara Parseghian represented the brokerage firms involved in this transaction, facilitating the sale of this multifamily property. Their expertise contributed to successfully closing the deal in the Sherman Oaks market.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$194,746.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$12,973.00
Cash-on-Cash Return-1.27%
Monthly Debt Service$17,309.97
Annual Debt Service$207,719.67
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