Marcus & Millichap Sells Multifamily Property In Sherman Oaks For $670K
SOLD
$670,000
California
See Similar DealsMultiFamily2,087 SF
Sold 12/31/2018
SOLD
Marcus & Millichap Sells Multifamily Property In Sherman Oaks For $670K
14256 Tiara Street, Sherman Oaks, CA, USA
See Similar DealsMultiFamily2,087 SF
Sold 12/31/2018
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$321
Total Square Footage:2,087 SF
Transaction Type:Sale
A multifamily property located at 14256 Tiara St in Sherman Oaks has been sold. The property, with a total of 2,087 square feet, was sold for a price of $670,000, resulting in a price per square foot of $321. The property has a capitalization rate (CAP) of 3.28% and a gross rent multiplier (GRM) of 15.48. The transaction took place on December 31, 2018.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $670,000
- Market: Sherman Oaks
- Address: 14256 Tiara St
- Square Footage: 2,087
- Price per Square Foot: $321
- Capitalization Rate: 3.28%
- Gross Rent Multiplier: 15.48
Jordan Fischer of Marcus & Millichap represented the buyer and/or seller in this transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$35,733.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$2,380.38
Cash-on-Cash Return-1.27%
Monthly Debt Service$3,176.14
Annual Debt Service$38,113.70
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