facebook
Traded Co logo
Submit

Janette Monfared Sells Multifamily Property In Valley Village For $8.25M

Property Image
SOLD
$8,250,000
Michael (Mike) Hanassab
John Katnik
Janette Monfared
+ 1

Florida

See Similar Deals
MultiFamily33,680 SF
Sold 10/30/2020
the dealplayerscompscontact
Property Image
SOLD

Janette Monfared Sells Multifamily Property In Valley Village For $8.25M

5505 Whitsett Ave, Valley Village, Ca 91607, Usa

See Similar Deals
MultiFamily33,680 SF
Sold 10/30/2020
Michael (Mike) Hanassab
John Katnik
Janette Monfared
+ 1
the dealplayerscompscontact
Contact now

Summary

FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$245
Total Square Footage:33,680 SF
Transaction Type:Sale

The multifamily property located at 5505 Whitsett Ave in Valley Village has been sold for a transaction price of $8,250,000. The property spans across 33,680 square feet, resulting in a price per square foot of $244.95.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $8,250,000
  • Square Footage: 33,680
  • Price per Square Foot: $244.95
  • Address: 5505 Whitsett Ave
  • Market: Valley Village

Janette Monfared represented the seller in this transaction, while Mike Hanassab, Elliot Hassan, and John Katnik from James Capital Advisors acted as the buyer's representatives.

Players

Janette Monfared
Marcus & Millichap
Janette Monfared
4 deals$26.9M volume(310) 245-5600
BROKER
John Katnik
BRC Advisors
John Katnik
22 deals$121.6M volume(424) 317-9569
BROKER
Michael (Mike) Hanassab
James Capital Advisors
Michael Hanassab
16 deals$93.8M volume
BROKER
Elliot Hassan
NorthMarq
Elliot Hassan
26 deals$259.8M volume
BROKER

Details

SOLD
IMAGE: Janette Monfared (@MonfaredJanette), Mike Hanassab (@MikeHanasab), Elliot Hassan (@EHassan) & John Katnik (@JohnKatnik) DATE: 10/30/2020 ADDRESS: 5505 Whitsett Ave MARKET: Valley Village ASSET TYPE: Multifamily SALE PRICE: $8,250,000 SF: 33,680 ~ PPSF: $244.95 SELLER’S REP: Janette Monfared BUYER’S REP: Mike Hanassab, Elliot Hassan & John Katnik – @JamesCapitalAdvisors

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$439,999.99

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$29,310.51
Cash-on-Cash Return-1.27%
Monthly Debt Service$39,109.21
Annual Debt Service$469,310.51