Glen Scher, Filip Niculete & Makan Mostafavi Sell 6-Unit Multifamily In San Fernando Valley For $1.7M
4540 Laurel Canyon Boulevard
4,325 SF
Summary
A multifamily property located at 4540 Laurel Canyon Blvd in San Fernando Valley was recently sold for a price of $1,700,000. The property consists of 6 units with a total square footage of 4,325. The price per unit comes out to be $283,333, and the price per square foot is $393. The capitalization rate (CAP) for this transaction is 3.79%, with a gross rent multiplier (GRM) of 16.20. The property generated multiple offers and was ultimately sold to a 1031 Exchange Buyer.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,700,000
- Units: 6
- Price per Unit (PPU): $283,333
- Total Square Footage (SF): 4,325
- Price per Square Foot (PPSF): $393
- CAP: 3.79%
- GRM: 16.20
The sale of this property was facilitated by brokers Filip Niculete, Glen Scher, and Makan Mostafavi. Their efforts resulted in a successful transaction, attracting multiple offers. The buyer of this property was a 1031 Exchange Buyer, indicating their intention to defer capital gains tax by reinvesting the proceeds from a previous real estate sale into this property.
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