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4609 Kester Avenue

Mike Shaghiyan Purchases Multifamily Asset In Sherman Oaks For $3.6M With Brokers Akash Saini & Jennifer Buchanan
SOLDMultiFamily

Mike Shaghiyan Purchases Multifamily Asset In Sherman Oaks For $3.6M With Brokers Akash Saini & Jennifer Buchanan

4609 Kester Avenue

$3,600,000

$408/SF

Building Size

8,809 SF

Asset Type

MultiFamily

Closing

Nov 7, 2025

AI

The property asset involved in this transaction is a multifamily building located at 4609 Kester Avenue in the Sherman Oaks market. The sale price was $3,600,000, and the asset comprises 8 units with a price per unit of $450,000. The total square footage of the property is 8,809, resulting in a price per square foot of $408.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $3,600,000
  • Address: 4609 Kester Avenue
  • Market: Sherman Oaks
  • Units: 8
  • Price Per Unit: $450,000
  • Square Footage: 8,809
  • Price Per Square Foot: $408
  • Buyer: Mike Shaghiyan
  • Broker Representatives: Akash Saini & Jennifer Buchanan - Keller Williams Realty

The key individuals involved in the transaction include the buyer, Mike Shaghiyan, and the broker representatives Akash Saini and Jennifer Buchanan from Keller Williams Realty. A note from the brokers states, "In our book, clients always come first. We think, strategize, and execute to help our clients step up to the new level."

Players

Akash Saini
Verified Badge

Akash Saini

Keller Williams Realty

Broker

$83.6M

vol

26 deals

Broker

Sherman Oaks 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

4.41%

Cash-on-Cash

-1.26%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93