James Capital Advisors Facilitates $7.3M Multifamily Sale In Sherman Oaks

A multifamily property located at 4540 Hazeltine Ave. in Sherman Oaks has been sold for a total price of $7,275,000. The property consists of 23 units with a price per unit of $316,304. The total square footage of the property is 23,606, with a price per square foot of $308. The transaction took place on May 13, 2021, and the property was sold at a 4.38% capitalization rate.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $7,275,000
• Units: 23
• Price per Unit: $316,304
• Square Footage: 23,606
• Price per Square Foot: $308
• Capitalization Rate: 4.38%

The deal was facilitated by brokers Mike Hanassab, Elliot Hassan, and John Katnik of James Capital Advisors. They represented the parties involved in the transaction, contributing to the successful sale of the Sherman Oaks multifamily property.