Jung Hsi Acquires Multifamily Property In San Fernando Valley For $1.745M | 4500 Vista Del Monte Avenue | Sarah Kotler, Glen Scher, Filip Niculete | MultiFamily | Sale

Summary

Sale

CALIFORNIA

MultiFamily

3,254 sqft

A multifamily property located at 4500 Vista Del Monte Ave in the San Fernando Valley has been sold for a record price. The property consists of 5 units with a total square footage of 3,254. The sale price for this property was $1,745,000, resulting in a price per unit of $349,000. The price per square foot is $536, and the gross rent multiplier (GRM) is 17.79x. The capitalization rate (CAP) for this property is 3.07%.

Summary of transaction details

Property Type: Multifamily
Transaction Amount: $1,745,000
Address: 4500 Vista Del Monte Ave
Market: San Fernando Valley

The buyer of the property is Jung Hsi, and the seller is Renee Krasnow. Filip Niculete and Glen Scher from the LAAA Team at Marcus & Millichap represented the buyer in the deal. Sarah Kotler from Rodeo Realty represented the seller. This sale marks the second-highest price per square foot ever recorded in Sherman Oaks, including both rent-controlled and non-rent controlled sales. Additionally, it is the sixth-highest price per unit ever achieved for a rent-controlled sale in Sherman Oaks.

Players

All
5

Agents
3
Agencies
2

Sarah Kotler

Broker/Realtor

$1.7M Sold

Glen Scher

Senior Vice President

$627.1M Sold

Filip Niculete

Senior Managing Director

$667.6M Sold

Details

Deal Summary

SOLD

IMAGE: Glen Scher, Filip Niculete & Sarah Kotler DATE: 08/10/2021 ADDRESS: 4500 Vista Del Monte Ave. MARKET: San Fernando Valley ASSET TYPE: Multifamily BUYER: Jung Hsi SELLER: Renee Krasnow BUYER’S REP: Filip Niculete (@FNiculete) & Glen Scher (@ScherGlen) (LAAA Team) (@LAAATeam) - Marcus & Millichap SELLER’S REP: Sarah Kotler - Rodeo Realty SALE PRICE: $1,745,000 UNITS: 5 ~ PPU: $349,000 SF: 3,254 ~ PPSF: $536 GRM: 17.79x CAP: 3.07% NOTES: Record Sale per CoStar Stats 2nd Highest Price per SqFt ~ Ever in Sherman Oaks (including non-rent controlled sales) 6th Highest Price per Unit ~ Ever in Sherman Oaks for a Rent Controlled Sale

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Address4500 Vista Del Monte Avenue

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