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14007 Moorpark Street

Jacob Shevchenko Acquires Sherman Oaks Multifamily For $1.65M
SOLDMultiFamily

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:

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

Michael Monempour

Lyon Stahl Investment Real Estate

Broker

$375.9M

vol

85 deals

Broker

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