Sara Kheradmandan Acquires Multifamily Property In Sherman Oaks For $1.61M
14514 Benefit Street
3,608 SF
Summary
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.
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