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Michael Seltzer Acquires 21-Unit Multifamily Property In Beverlywood For $8.6M

Property Image
SOLD
$8,584,500
Jonathan (Jon) Taksa

California

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MultiFamily24,571 SF
Sold 11/22/2022
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Property Image
SOLD

Michael Seltzer Acquires 21-Unit Multifamily Property In Beverlywood For $8.6M

1060 South Sherbourne Drive

See Similar Deals
MultiFamily24,571 SF
Sold 11/22/2022
Jonathan (Jon) Taksa
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Summary

CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$349
Total Square Footage:24,571 SF
Transaction Type:Sale

A multifamily property located at 1060 S Sherbourne Dr in Beverlywood, Los Angeles, CA has been sold in a recent transaction. The property consists of 21 units with a total square footage of 24,571. The sale price for this transaction was $8,584,500, resulting in a price per unit of $408,786 and a price per square foot of $349.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $8,584,500
  • Units: 21
  • Price per Unit: $408,786
  • Square Footage: 24,571
  • Price per Square Foot: $349
  • Address: 1060 S Sherbourne Dr
  • Market: Beverlywood, Los Angeles, CA

The buyer in this transaction is Michael Seltzer, while the sellers are Uri Harkham and Dan Harkham. The deal was facilitated by brokers Jonathan Taksa and Marc Schillinger from Taksa Investment Group.

Players

Jonathan (Jon) Taksa
62 deals$597.2M volume
BROKER

Marc Schillinger
JLL
50 deals$2.2B volume
BROKER

Details

SOLD
IMAGE: Jonathan Taksa & Marc Schillinger DATE: 11/22/2022 ADDRESS: 1060 S Sherbourne Dr MARKET: Beverlywood, Los Angeles, CA ASSET TYPE: Multifamily BUYER: Michael Seltzer SELLER: Uri Harkham & Dan Harkham BROKERS: Jonathan Taksa & Marc Schillinger - Taksa Investment Group SALE PRICE: $8,584,500 UNITS: 21 ~ PPU: $408,786 SF: 24,571 ~ PPSF: $349

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Debt Service Coverage Ratio (DSCR)

0.94x

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