Kathleen Phelan Acquires Multifamily Property In Valley Village For $3.8M

Located at 5451 Hermitage Avenue in Valley Village, this multifamily property was sold in a closed transaction. The deal was finalized on 02/21/2022 and the property consists of 11 units with a total square footage of 10,758. The sale price of the property was $3,800,000, resulting in a price per unit of $345,454 and a price per square foot of $353. The capitalization rate achieved in this transaction was 3.79%, while the gross rent multiplier (GRM) was 15.16.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $3,800,000
• Units: 11
• Price per Unit: $345,454
• Square Footage: 10,758
• Price per Square Foot: $353

The buyer in this transaction was Kathleen Phelan, while Shigenori Ezaki acted as the seller. The deal was facilitated by the broker team of Matthew Luchs, Brandon Michaels, and Steven Schechter, who represented both the buyer and the seller. They are affiliated with The Brandon Michaels Group.