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13042 Riverside Drive

Phil Bernard Purchases Multifamily Property From Mary Veer In Sherman Oaks For $3.33M
SOLDMultiFamily

Phil Bernard Purchases Multifamily Property From Mary Veer In Sherman Oaks For $3.33M

13042 Riverside Drive

$3,332,000

$319/SF

Building Size

10,442 SF

Asset Type

MultiFamily

Closing

Dec 12, 2025

AI

The property asset involved in the transaction is a multifamily unit located at 13042 Riverside Drive in Sherman Oaks. This asset comprises 11 units with a sale price of $3,332,000. The total square footage of the property is 10,442, resulting in a price per unit of $302,909 and a price per square foot of $319.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $3,332,000
  • Address: 13042 Riverside Drive
  • Market: Sherman Oaks
  • Units: 11
  • Square Footage: 10,442
  • Price per Unit: $302,909
  • Price per Square Foot: $319
  • Buyer: Phil Bernard
  • Seller: Mary Veer
  • Brokers: Spartak Poghosyan, Samuel P. Manoochehri & Akash Saini - Keller Williams Realty

The brokers involved in this transaction are Spartak Poghosyan, Samuel P. Manoochehri, and Akash Saini, all representing Keller Williams Realty. They emphasize a strategic approach centered on solutions, value protection, and successfully completing complex deals.

Players

Akash Saini
Verified Badge

Akash Saini

Keller Williams Realty

Broker

$83.6M

vol

26 deals

Broker
Keller Williams Realty
Keller Williams RealtyBrokerage

Sherman Oaks 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

4.76%

Cash-on-Cash

-1.36%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93