Updated Dec 18, 2023
Institutional Property Advisors - Marcus & Millichap Facilitates $21M Sale Of Multifamily Property On Addison St. In Sherman Oaks
14320 Addison Street, Sherman Oaks, California 91423, United States
$21,000,000
Units
57
Asset Type
MultiFamily
Closing
Aug 28, 2022
About this deal
AI
The multifamily property located at 14320 Addison Street in Sherman Oaks has been sold in a closed transaction. The sale was facilitated by Kevin Green, Joseph Grabiec, and Greg Harris of Institutional Property Advisors - Marcus & Millichap. The transaction took place on August 29, 2022.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $21,000,000
- Units: 57
- Price Per Unit: $368,421
Kevin Green, Joseph Grabiec, and Greg Harris, acting as brokers from Institutional Property Advisors - Marcus & Millichap, were involved in the sale of the property. They represented the buyer and the seller in the transaction, offering their expertise in the Sherman Oaks market. This successful deal highlights the strong demand for multifamily properties in the area.
Players
Los Angeles MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Visit Kevin Green to view all their deals.
Browse Los Angeles multifamily sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.76%
Cash-on-Cash
-0.22%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93