Updated Dec 19, 2023
Levon Apikyan Acquires 5-Unit Multifamily In Sherman Oaks For $1.45M
5721 Tilden Ave, Sherman Oaks, CA, USA
$1,450,000
$337/SF
Building Size
4,300 SF
Asset Type
MultiFamily
Closing
Jun 25, 2020
About this deal
AI
The multifamily property located at 5721 Tilden Ave. in Sherman Oaks has been sold in a closed transaction. The property consists of 5 units and spans across 4,300 square feet. The asking price and the sale price for the property were both $1,450,000, resulting in a per unit price of $290,000. The price per square foot for the property was $337. The capitalization rate for the property was calculated at 3.94%.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,450,000
- Address: 5721 Tilden Ave.
- Market: Sherman Oaks
- Units: 5
- Price Per Unit: $290,000
- Square Footage: 4,300
- Price Per Square Foot: $337
- Capitalization Rate: 3.94%
The buyer in this transaction was Levon Apikyan, and the seller was David Cristofar. The deal was facilitated by brokers Tony Sameyah and Reza Ghobadi from Team Ghobadi.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
10.94%
Cash-on-Cash
-3.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93