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
Sherman Oaks MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
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