Updated Dec 21, 2023
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
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
10.98%
Cash-on-Cash
-3.14%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93