Jacob Shevchenko Acquires Sherman Oaks Multifamily For $1.65M
14007 Moorpark Street
$1,650,000
$219/SF
Building Size
7,522 SF
Asset Type
MultiFamily
Closing
Jun 21, 2024
AI
The property located at 14007 Moorpark Street in Sherman Oaks, a multifamily asset consisting of 7 units spanning 7,522 square feet, was recently transacted at a value of $1,650,000. The price per unit stood at $235,714, with a price per square foot of $219.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,650,000
- Buyer: Jacob Shevchenko
- Seller: Robert Pearman
- Brokers: Michael Monempour & Jason Matatiaho - Lyon Stahl Investment Real Estate
Michael Monempour and Jason Matatiaho of Lyon Stahl Investment Real Estate facilitated the transaction between the buyer, Jacob Shevchenko, and the seller, Robert Pearman. The property, with its 7 units and a total area of 7,522 square feet, changed ownership at a rate of $235,714 per unit and $219 per square foot.
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
9.61%
Cash-on-Cash
-2.75%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93