Located at 14514 Benefit St. in Sherman Oaks, this multifamily property was recently sold in a closed transaction. The sale was facilitated by brokers Filip Niculete, Glen Scher, and Jonathan Erster from the LAAA Team at Marcus & Millichap. The property consists of 5 units and spans 3,608 square feet. The sale price for this multifamily asset was $1,610,000, resulting in a per unit price of $322,000. The price per square foot was $446. The Gross Rent Multiplier (GRM) for this property was 17.79x, and the Capitalization Rate (CAP) was 3.09%.

Summary of Transaction Details

• Property Type: Multifamily
• Transaction Amount: $1,610,000
• Units: 5
• Price per Unit: $322,000
• Square Footage: 3,608
• Price per Square Foot: $446
• Gross Rent Multiplier (GRM): 17.79x
• Capitalization Rate (CAP): 3.09%

This transaction received significant interest, with a total of 9 offers generated. Ultimately, it closed at the sale price of $1,610,000. The property is located in the desirable area of Sherman Oaks, known for its desirable multifamily properties.

This transaction recorded the top 10 all-time multifamily sale records for rent-controlled properties in Sherman Oaks, featuring the highest price per square foot, highest GRM, and lowest CAP rate.