Robert Sark Acquires 7-Unit Multifamily In Valley Village For $1.57M
5404 Gentry Avenue
$1,565,000
$240/SF
Building Size
6,505 SF
Asset Type
MultiFamily
Closing
Sep 28, 2023
AI
The multi-family property located at 5404 Gentry Avenue in Valley Village has been sold for a price of $1,565,000. The property comprises 7 units, with an average price per unit of $223,571. The total square footage of the property is 6,505, with a price per square foot of $241.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $1,565,000
- Units: 7
- Price per Unit: $223,571
- Square Footage: 6,505
- Price per Square Foot: $241
The buyer in this transaction is Robert Sark, while the seller is Daniel First. The deal was facilitated by two brokers: Nathan Shaolian from Kidder Mathews and Michael Monempour from Lyon Stahl. They played crucial roles in ensuring the successful completion of the transaction.
Players
Valley Village 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
10.14%
Cash-on-Cash
-2.90%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93