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13312 Woodbridge St, Sherma...

Updated Dec 21, 2023

Sherman Oaks Multifamily Sells For $1.45M With Niculete & Scher As Brokers
SOLDMultiFamily

Sherman Oaks Multifamily Sells For $1.45M With Niculete & Scher As Brokers

13312 Woodbridge St, Sherman Oaks, CA, USA

$1,445,000

$403/SF

Building Size

3,585 SF

Asset Type

MultiFamily

Closing

Oct 17, 2019

About this deal

AI

Located in Sherman Oaks, the multifamily property at 13312 Woodbridge St has recently been sold for $1,445,000. The transaction took place on October 18, 2019. Consisting of 5 units, the property spans a total of 3,585 square feet, resulting in a price per square foot of $403.07. The sale price per unit was $289,000, making this an attractive investment opportunity in the market. The brokers involved in this deal were Filip Niculete and Glen Scher from LA Apartment Advisors.

Summary of transation details

  • Property Type: Multifamily
  • Transaction Amount: $1,445,000
  • Date: October 18, 2019
  • Address: 13312 Woodbridge St
  • Market: Sherman Oaks
  • Square Footage: 3,585
  • Price per Square Foot: $403.07
  • Units: 5
  • Price per Unit: $289,000

Representing the sellers and buyers respectively, Filip Niculete and Glen Scher from LA Apartment Advisors orchestrated this successful transaction. Together, they ensured a smooth process for all parties involved. With its desirable location and attractive price per unit, this multifamily property sale in Sherman Oaks demonstrates the expertise and effectiveness of Filip Niculete and Glen Scher in the real estate market.

Players

Filip Niculete

Marcus & Millichap

Broker

$797.2M

vol

203 deals

Broker

Sherman Oaks MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $403 per square foot on a published $1.4M for 3,585 square feet (2019).

Visit Glen Scher to view all their deals.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

10.98%

Cash-on-Cash

-3.14%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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