Updated Sep 11, 2026
Michael Seltzer Acquires 21-Unit Multifamily Property In Beverlywood For $8.6M
1060 South Sherbourne Drive
$8,584,500
$349/SF
Building Size
24,571 SF
Asset Type
MultiFamily
Closing
Nov 22, 2022
About this deal
AI
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.
On the Map
$8,584,500
$349/SF
MultiFamily
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Players
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
1.85%
Cash-on-Cash
-0.53%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93