Levon Apikyan Acquires 5-Unit Multifamily In Sherman Oaks For $1.45M

The multifamily property located at 5721 Tilden Ave. in Sherman Oaks has been sold in a closed transaction. The property consists of 5 units and spans across 4,300 square feet. The asking price and the sale price for the property were both $1,450,000, resulting in a per unit price of $290,000. The price per square foot for the property was $337. The capitalization rate for the property was calculated at 3.94%.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $1,450,000
• Address: 5721 Tilden Ave.
• Market: Sherman Oaks
• Units: 5
• Price Per Unit: $290,000
• Square Footage: 4,300
• Price Per Square Foot: $337
• Capitalization Rate: 3.94%

The buyer in this transaction was Levon Apikyan, and the seller was David Cristofar. The deal was facilitated by brokers Tony Sameyah and Reza Ghobadi from Team Ghobadi.