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Sagiv Rosano Acquires 7-Unit Multifamily In San Fernando Valley For $1.3M

5905 Whitnall Highway
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This MultiFamily property located in CA was sold for $1,325,000 over 3 years ago. The brokers of the deal were Glen Scher and Filip (Fil) Niculete

A multifamily property located at 5905 Whitnall Hwy. in the San Fernando Valley was recently sold for $1,325,000. The property consists of 7 units, with an average price per unit of $189,286. The total square footage of the property is 4,905, resulting in a price per square foot of $264.58. The Gross Rent Multiplier (GRM) for the property is 14.33x, and the Capitalization Rate (CAP) is 3.24%. The transaction took place on August 11, 2021.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,325,000
  • Units: 7
  • Price per Unit: $189,286
  • Square Footage: 4,905
  • Price per Square Foot: $264.58
  • Gross Rent Multiplier (GRM): 14.33x
  • Capitalization Rate (CAP): 3.24%
  • Market: San Fernando Valley

The buyer of the property was Sagiv Rosano, while the seller was Aram Arakelyan. The transaction was facilitated by Filip Niculete and Glen Scher from the LAAA Team at Marcus & Millichap.

Additional notes: The property is located in North Hollywood.

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Deals
  • Location
    5905 Whitnall Highway, North Hollywood, CA 91601, USA5905 Whitnall Highway, North Hollywood, CA 91601, USA
  • Sale Price
    $1,325,000$1,325,000
    $270 PPSF$270 PPSF
  • Area
    4,905 SF4,905 SF
  • Asset Type
    MultiFamilyMultiFamily
  • Parties
    2 Brokers, 1 Agency2 Brokers, 1 Agency

Agents

Glen Scher

Glen Scher

Deals161
Sold$624.5M

Agency

Marcus & Millichap

Marcus & Millichap

Agency
Deals6999
Volume$66B

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Deal Summary

SALE IMAGE: Glen Scher & Filip Niculete DATE: 08/11/2021 ADDRESS: 5905 Whitnall Hwy. MARKET: San Fernando Valley ASSET TYPE: Multifamily BUYER: Sagiv Rosano SELLER: Aram Arakelyan BROKERS: Filip Niculete (@FNiculete) & Glen Scher (@ScherGlen) (LAAA Team) (@LAAATeam) - Marcus & Millichap SALE PRICE: $1,325,000 UNITS: 7 ~ PPU: $189,286 SF: 4,905 ~ PPSF: $264.58 GRM: 14.33x CAP: 3.24% NOTES: 7 Units. North Hollywood

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5905 Whitnall Highway

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