North Hollywood Multifamily Sold For $2.3M By Filip Niculete & Glen Scher @laapartmentadvisors

The multifamily property located at 4904 Tujunga Ave in North Hollywood has been sold. The transaction took place on January 14, 2020. The property consists of 8 units and spans a total of 5,831 square feet. The sale price was $2,300,000, resulting in a price per unit (PPU) of $287,500. The price per square foot (PPSF) is calculated at $394.44. The capitalization rate (CAP) for this transaction is 4.09% and the gross rent multiplier (GRM) is 15.60.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $2,300,000
• Units: 8
• Price per Unit (PPU): $287,500
• Square Footage: 5,831 sqft
• Price per Square Foot (PPSF): $394.44
• Capitalization Rate (CAP): 4.09%
• Gross Rent Multiplier (GRM): 15.60

The sale of this multifamily property was facilitated by Filip Niculete and Glen Scher from LA Apartment Advisors.