Updated Jan 14, 2026
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
About this deal
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."
On the Map
$3,600,000
$408/SF
MultiFamily
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Players
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