Updated Oct 29, 2024
Sherman Oaks Property LLC Acquires Mixed-Use Property On Ventura Blvd For $1.8M
13715 Ventura Boulevard, Sherman Oaks, CA, USA
$1,825,000
$483/SF
Building Size
3,777 SF
Asset Type
Mixed-use
Closing
Jul 25, 2019
About this deal
AI
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.
On the Map
$1,825,000
$483/SF
Mixed-use
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Los Angeles Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
8.69%
Cash-on-Cash
-2.48%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93