An active investor client of Trimax Realty & Loan referred buyer Danny Yaminad to make their first investment in a multifamily property. After reviewing multiple properties over the course of 6 months, Danny felt comfortable with the ins and outs of owning a multifamily property and finally found the right property. The property located at 5810 Cartwright Avenue in North Hollywood offers excellent unit sizes, rents, and returns. The sale price for this property was $1,555,000 with a total of 6 units. The price per unit is approximately $259,167, and the property spans across 5,851 square feet with a price per square foot of $266.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $1,555,000
• Units: 6
• Price per Unit: $259,167
• Square Footage: 5,851
• Price per Square Foot: $266

During the negotiation process, Fred Nabati and Michael Davoodpour from Trimax Realty & Loan represented both the buyer and the seller, Silvio Delgado. They worked closely with the buyer to ensure they were comfortable and guided them through every step, including auditing income, expenses, leases, estoppels, reports, and disclosures. Effective communication with the seller and listing agents helped clear all necessary requirements before removing contingencies. The transaction proceeded smoothly, thanks to Trimax's efficient communication, supervision, and expertise.

Contact Fred and Mike at [email protected] or 310-388-9695 for your next multifamily investment for a seamless transaction!