Gowhar Iravani Purchases Office Asset From Norma Duque For $1.5M In San Fernando
439 North Maclay Avenue
$1,500,000
$334/SF
Building Size
4,481 SF
Asset Type
Office
Closing
Jan 8, 2026
AI
The property involved in this transaction is an office space located at 439 North Maclay Avenue in the San Fernando market. The sale price for this asset was $1,500,000, encompassing a total square footage of 4,481, which results in a price per square foot of $334.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $1,500,000
- Address: 439 North Maclay Avenue
- Market: San Fernando
- Square Footage: 4,481
- Price per Square Foot: $334
- Buyer: Gowhar Iravani
- Seller: Norma Duque
- Brokers: Martin Agnew, Ryan Rothstein-Serling - Agnew | Serling Group - Marcus & Millichap; Brian Williams - Ashwill Associates
The transaction was facilitated by the brokers, Martin Agnew and Ryan Rothstein-Serling from Agnew | Serling Group - Marcus & Millichap, along with Brian Williams from Ashwill Associates, representing the respective parties throughout the sale process.
Players
San Fernando Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
10.58%
Cash-on-Cash
-3.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93