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4449 Van Nuys Boulevard, Sh...

RFLP Management Acquires Mixed-Use Property In Sherman Oaks For $3.6M
SOLDMixed-use

RFLP Management Acquires Mixed-Use Property In Sherman Oaks For $3.6M

4449 Van Nuys Boulevard, Sherman Oaks, CA 91403, USA

$3,600,000

$580/SF

Building Size

6,200 SF

Asset Type

Mixed-use

Closing

Mar 22, 2020

AI

The mixed-use property located at 4449-4451 Van Nuys Blvd in Sherman Oaks has been sold for $3,600,000. The transaction took place on 03/23/2020. The property spans over 6,200 square feet, resulting in a price per square foot of $580.65. The buyer of this property is RFLP Management, while the seller is the Piscitello-Wescott Family Trust. The deal was facilitated by broker David Aschkenasy.

Summary of transaction details:

  • Property Type: Mixed-Use
  • Transaction Amount: $3,600,000
  • Date: 03/23/2020
  • Address: 4449-4451 Van Nuys Blvd
  • Market: Sherman Oaks
  • Square Footage: 6,200
  • Price per Square Foot: $580.65
  • Buyer: RFLP Management
  • Seller: Piscitello-Wescott Family Trust
  • Broker: David Aschkenasy

David Aschkenasy represented the buyer and seller in this transaction, acting as the broker for both parties.

Players

David Aschkenasy

Commercial Asset Group

Broker

$54.1M

vol

8 deals

Broker
FT
Family TrustSeller

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

4.41%

Cash-on-Cash

-1.26%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93