Taly Stelmach Acquires Multifamily Property In Valley Village For $7.6M
5261 Whitsett Avenue
MultiFamily
21,879 SF
21,879 SF
Sold 1 year ago
Summary
A multifamily property located at 5261 Whitsett Avenue in Valley Village was recently sold for $7,600,000. The property consists of 28 units, with an average price per unit of $271,429. The total square footage of the property is 21,879, resulting in a price per square foot of $347. The sale was completed on June 18, 2021, with a Gross Rent Multiplier (GRM) of 13.98 and a Capitalization Rate (CAP) of 4.52%.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $7,600,000
- Units: 28
- Price per Unit: $271,429
- Square Footage: 21,879
- Price per Square Foot: $347
- Gross Rent Multiplier (GRM): 13.98
- Capitalization Rate (CAP): 4.52%
The buyer of the property was Taly Stelmach, while the seller was Sami Ayed. The deal was facilitated by broker Jason Tuvia.
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5261 Whitsett Avenue
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