SOLDMultiFamily
Domestic.ly Acquires Multifamily Property In Studio City For $2.975M From Chris Cleoni
4300 Tujunga Avenue
$2,975,000
$339/SF
Building Size
8,765 SF
Asset Type
MultiFamily
Closing
Jul 20, 2026
AI
The property asset involved in this transaction is a multifamily unit located at 4300 Tujunga Avenue in Studio City. The sale price for this asset was $2,975,000, comprising 10 units. The total square footage of the property is 8,765, which results in a price per unit of $297,500 and a price per square foot of $339.
Summary of transation details:
- Property Type: Multifamily
- Transaction Amount: $2,975,000
- Units: 10
- Square Feet: 8,765
- Price per Unit: $297,500
- Price per Square Foot: $339
- Buyer: domestic.ly
- Seller: Chris Cleoni
- Buyer's Representative: Mason Rowland, Josh Omidi & Ryan Rembert - KW Commercial
The deal was facilitated by the representatives from KW Commercial, who played a crucial role in bringing together the buyer, domestic.ly, and the seller, Chris Cleoni, ensuring a smooth transaction process. Their expertise in the multifamily market contributed to the successful close of this deal.
Players
Studio City MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.33%
Cash-on-Cash
-1.52%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93