Sagiv Rosano Acquires 7-Unit Multifamily In San Fernando Valley For $1.3M

A multifamily property located at 5905 Whitnall Hwy. in the San Fernando Valley was recently sold for $1,325,000. The property consists of 7 units, with an average price per unit of $189,286. The total square footage of the property is 4,905, resulting in a price per square foot of $264.58. The Gross Rent Multiplier (GRM) for the property is 14.33x, and the Capitalization Rate (CAP) is 3.24%. The transaction took place on August 11, 2021.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $1,325,000
• Units: 7
• Price per Unit: $189,286
• Square Footage: 4,905
• Price per Square Foot: $264.58
• Gross Rent Multiplier (GRM): 14.33x
• Capitalization Rate (CAP): 3.24%
• Market: San Fernando Valley

The buyer of the property was Sagiv Rosano, while the seller was Aram Arakelyan. The transaction was facilitated by Filip Niculete and Glen Scher from the LAAA Team at Marcus & Millichap.

Additional notes: The property is located in North Hollywood.