Rick Raymundo Acquires 27-Unit Multifamily In Encino For $7.4M

A multifamily property located at 5354 Yarmouth Avenue in Encino, was recently sold for $7,425,000. The property spans across 21,703 square feet and consists of 27 units. The price per square foot for this transaction is $342.12. The purchase price per unit is $275,000. With a capitalization rate of 3.88% and a gross rent multiplier of 14.76, this property presents a lucrative investment opportunity.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $7,425,000
• Address: 5354 Yarmouth Avenue, Encino
• Market: Encino
• Property Size: 21,703 square feet
• Number of Units: 27
• Price per Square Foot: $342.12
• Purchase Price per Unit: $275,000
• Capitalization Rate: 3.88%
• Gross Rent Multiplier: 14.76

Rick Raymundo, representing an undisclosed brokerage, successfully facilitated this transaction. His expertise and knowledge in the real estate market played a key role in ensuring the smooth completion of the deal.