Raz Hen Acquires Multifamily Property On Radford Ave In North Hollywood For $1.2M

A multifamily property located at 6827 Radford Ave. in North Hollywood was recently sold. The property consists of 6 units and has a total square footage of 4,031. The lot size is 7,381 square feet. The property was sold off-market for a sale price of $1,200,000. The asking price was $1,550,000, resulting in a price per unit of $200,000. The price per square foot is $297.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $1,200,000
• Units: 6
• Price per Unit: $200,000
• Square Footage: 4,031
• Price per Square Foot: $297
• Lot Size: 7,381 sf

Raz Hen purchased the property from Haroutioun Ohannes. The transaction was facilitated by Gabriel Talasazan, a broker representing the parties involved in the deal.

This sale was a value-add opportunity, with plans for remodeling and adding an ADU (Accessory Dwelling Unit). It was one of Gabriel Talasazan's recent sales in North Hollywood, CA.