Updated Dec 19, 2023
Michael Sterman And Jeff Louks Sell Toluca Lake Multifamily Property For $16.4M
10656 Moorpark Street, Toluca Lake, CA, USA
$16,425,000
$375/SF
Building Size
43,745 SF
Asset Type
MultiFamily
Closing
Apr 15, 2019
About this deal
AI
Located at 10650-10656 Moorpark St in Toluca Lake, this multifamily property has recently been sold. The transaction took place on April 16, 2019, and the deal was facilitated by brokers Michael Sterman and Jeff Louks.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $16,425,000
- Square Footage: 43,745
- Price Per Square Foot: $375
- Market: Toluca Lake
- Brokers: Michael Sterman, Jeff Louks
This sale involved a multifamily property with a total square footage of 43,745. The transaction was completed at a price of $16,425,000, equating to a price per square foot of $375. Located in the Toluca Lake market, brokers Michael Sterman and Jeff Louks acted as representatives for the parties involved in the deal.
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
0.97%
Cash-on-Cash
-0.28%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93