Mandeville Fam Invs Ptshp Acquires Multifamily Property In North Hollywood For $1.435M

A multifamily property located at 5826 Craner Ave in North Hollywood has been sold. The property was listed by Alex Sarkissian and Haig Sarkissian, representing SIXPINE. Mandeville Fam Invs Ptshp purchased the property through the assistance of Elizabeth Maddox and Ian Maddox from The 2-4 Unit Specialists. The property consists of 2 units and spans 3,382 square feet. The sale price of the property was $1,435,000, which translates to a price per unit of $717,500. The property was sold at a cap rate of 5.05%.

Summary of transation details

• Property Type: Multifamily
• Transaction Amount: $1,435,000
• Address: 5826 Craner Ave
• Market: North Hollywood
• Seller: SIXPINE - Alex Sarkissian
• Buyer: Mandeville Fam Invs Ptshp
• Brokers: The 2-4 Unit Specialists - Elizabeth Maddox & Ian Maddox
• Units: 2
• Price per Unit: $717,500
• Square Footage: 3,382
• Cap Rate: 5.05%

This transaction, which took place on January 8th, 2021, involved key individuals such as Elizabeth Maddox, Ian Maddox, Alex Sarkissian, and Haig Sarkissian. Elizabeth Maddox and Ian Maddox represented the buyer, Mandeville Fam Invs Ptshp, while Alex Sarkissian and Haig Sarkissian represented the seller, SIXPINE. The involvement of these parties highlights the collaborative effort that went into the successful sale of the multifamily property.