Updated Dec 4, 2024
Daniel Michaels Acquires Pico Robertson Multifamily For $2.18M
1050 South Shenandoah Street
$2,182,000
$352/SF
Building Size
6,196 SF
Asset Type
MultiFamily
Closing
Sep 18, 2023
About this deal
AI
The multi-family property located at 1050 South Shenandoah Street in the Pico Robertson market has been sold for a total price of $2,182,000. The property consists of 5 units, with a price per unit of $436,400. The total square footage of the property is 6,196, resulting in a price per square foot of $352. The transaction took place on the 18th of September 2023.
Summary of transaction details
- Property Type: MultiFamily
- Transaction Amount: $2,182,000
- Address: 1050 South Shenandoah Street
- Market: Pico Robertson
- Buyer: Daniel Michaels
- Seller: Scott & Debbie Mund
- Broker: Sam Liberow - The Liberow Group - Marcus & Millichap Encino - Marcus & Millichap
- Units: 5
- Price per Unit: $436,400
- Square Footage: 6,196
- Price per Square Foot: $352
The transaction was facilitated by Sam Liberow of The Liberow Group, representing both the buyer and the seller. Sam Liberow is a broker from Marcus & Millichap Encino and Marcus & Millichap. The deal showcases the expertise and negotiation skills of Sam Liberow in the real estate market. The transaction highlights the demand and value of multi-family properties in the Pico Robertson area.
Los Angeles MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
7.27%
Cash-on-Cash
-2.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93