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

Property Image
SOLD
$3,600,000

California

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Mixed-use6,200 SF
Sold 03/23/2020
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Property Image
SOLD

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

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

See Similar Deals
Mixed-use6,200 SF
Sold 03/23/2020
the dealplayerscompscontact
Contact now

Summary

CALIFORNIA
Asset Type:Mixed-use
Price Per Square Foot:$580
Total Square Footage:6,200 SF
Transaction Type:Sale

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
David Aschkenasy
8 deals$54.1M volume
BROKER
FT
Family Trust
SELLER

Details

SOLD
IMAGE: David Aschkenasy DATE: 03/23/2020 ADDRESS: 4449-4451 Van Nuys Blvd MARKET: Sherman Oaks ASSET TYPE: Mixed-Use PRICE: $3,600,000 SF: 6,200 PPSF: $580.65 BUYER: RFLP Management SELLER: Piscitello-Wescott Family Trust BROKER: David Aschkenasy

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$192,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$12,790.04
Cash-on-Cash Return-1.27%
Monthly Debt Service$17,065.84
Annual Debt Service$204,790.04