Michael Razbannia Acquires 8-Unit Multifamily In North Hollywood For $1.975M

A multifamily property located at 7105 Ethel Ave. in North Hollywood has been sold for $1,975,000. The property consists of 8 units with a total square footage of 7,938. The sale price per unit was $246,000, and the price per square foot was $248.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $1,975,000
• Units: 8
• Price per Unit: $246,000
• Square Footage: 7,938
• Price per Square Foot: $248
• Date: 07/09/2021
• Buyer: Michael Razbannia
• Seller: Sylvia Gil
• Brokers: Tony Sameyah & Reza Ghobadi

The transaction was facilitated by brokers Tony Sameyah and Reza Ghobadi. Their expertise and negotiation skills played a crucial role in completing the deal between the buyer, Michael Razbannia, and the seller, Sylvia Gil.