Oleg Razmerita Acquires Multifamily Property In North Hollywood From SIXPINE - Alex Sarkissian & Haig Sarkissian For $1.4M

A multifamily property located at 5822 Craner Ave in North Hollywood was recently sold in a transaction that took place on March 24, 2021. The property, consisting of 2 units and spanning 3,382 square feet, was sold for a sale price of $1,400,000. With a price per unit of $700,000 and a price per square foot of $413, the property offered a competitive investment opportunity in the North Hollywood market. The cap rate for this transaction was 5.21%.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $1,400,000
• Units: 2
• Price per Unit: $700,000
• Square Footage: 3,382
• Price per Square Foot: $413
• Market: North Hollywood

Oleg Razmerita acquired the property from the sellers, SIXPINE, represented by Alex Sarkissian and Haig Sarkissian. The transaction was facilitated by brokers Elizabeth Maddox and Ian Maddox, who specialize in 2-4 unit properties. The involvement of these key individuals and companies demonstrates their expertise in the multifamily real estate market.