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Jag Vamda Acquires Multifamily Property In Sherman Oaks For $10.46M

4417 Hazeltine Avenue
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This MultiFamily property located in CA was sold for $10,460,000 over 2 years ago. The broker of the deal was Rick Raymundo

Located in the market of Sherman Oaks, the multifamily property at 4417 Hazeltine Avenue recently changed ownership in a closed transaction. The property comprises 24 units with a total square footage of 22,585. The sale price for this transaction was $10,460,000, which equates to an average price per unit of $435,833. The price per square foot stands at $463. The Gross Rent Multiplier (GRM) is calculated at 16.33x, and the Capitalization Rate (CAP) is at 3.53%.

Summary of Transaction Details:

  • Property Type: Multifamily
  • Transaction Amount: $10,460,000
  • Units: 24
  • Price per Unit (PPU): $435,833
  • Square Footage (SF): 22,585
  • Price per Square Foot (PPSF): $463
  • Gross Rent Multiplier (GRM): 16.33x
  • Capitalization Rate (CAP): 3.53%

Jag Vamda became the new buyer of the property, while Al Pace served as the seller. The transaction was facilitated by Rick Raymundo from Marcus & Millichap, who represented both the buyer and the seller in this deal.

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Deals
  • Location
    4417 Hazeltine Avenue, Sherman Oaks, CA, USA4417 Hazeltine Avenue, Sherman Oaks, CA, USA
  • Sale Price
    $10,460,000$10,460,000
    $463 PPSF$463 PPSF
  • Area
    22,585 SF22,585 SF
  • Asset Type
    MultiFamilyMultiFamily
  • Parties
    1 Broker, 1 Agency1 Broker, 1 Agency

Agent

Rick Raymundo

Rick Raymundo

Deals41
Sold$365.3M

Agency

Marcus & Millichap

Marcus & Millichap

Agency
Deals6999
Volume$66B

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Deal Summary

SALE IMAGE: Rick Raymundo DATE: 08/24/2021 ADDRESS: 4417 Hazeltine Avenue MARKET: Sherman Oaks ASSET TYPE: Multifamily BUYER: Jag Vamda SELLER: Al Pace BROKER: Rick Raymundo (@LACMultifamily) - Marcus & Millichap SALE PRICE: $10,460,000 UNITS: 24 ~ PPU: $435,833 SF: 22,585 ~ PPSF: $463 GRM: 16.33x CAP: 3.53%

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4417 Hazeltine Avenue

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