Sherman Oaks Property LLC Acquires Mixed-Use Property On Ventura Blvd For $1.8M
SOLD
$1,825,000
California
See Similar DealsMixed-use3,777 SF
Sold 07/26/2019
SOLD
Sherman Oaks Property LLC Acquires Mixed-Use Property On Ventura Blvd For $1.8M
13715 Ventura Boulevard, Sherman Oaks, CA, USA
See Similar DealsMixed-use3,777 SF
Sold 07/26/2019
Summary
CALIFORNIA
Asset Type:Mixed-use
Price Per Square Foot:$483
Total Square Footage:3,777 SF
Transaction Type:Sale
The mixed-use property located at 13715-13717 Ventura Blvd in Sherman Oaks was recently sold in a closed transaction. The property was sold by the Papazian Trust to the buyer, Sherman Oaks Property LLC. The transaction was facilitated by brokers Ben Brownstein and Brandon Michaels from the wittybroker and Brandon Michaels Group, respectively.
Summary of transaction details:
- Property Type: Mixed-Use
- Transaction Amount: $1,825,000
- Size: 3,777 square feet
- Price per square foot: $483.19
The sale was officially closed on July 26, 2019. Notably, the escrow process was remarkably quick, completed within just 4 calendar days.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$97,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$6,483.85
Cash-on-Cash Return-1.27%
Monthly Debt Service$8,651.43
Annual Debt Service$103,817.17
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