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John Rahb Purchases Multifamily Property From Joe Benard For $2.15 Million In Sherman Oaks

Property Image
SOLD
$2,150,000

California

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MultiFamily7,632 SF
Sold 12/18/2024
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Property Image
SOLD

John Rahb Purchases Multifamily Property From Joe Benard For $2.15 Million In Sherman Oaks

14825 Magnolia Boulevard

See Similar Deals
MultiFamily7,632 SF
Sold 12/18/2024
the dealplayerscompscontact
Contact now

Summary

CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$281
Total Square Footage:7,632 SF
Transaction Type:Sale

The property asset involved in this transaction is located at 14825 Magnolia Boulevard in Sherman Oaks. It is a multifamily asset consisting of 11 units. The total square footage of the property is 7,632, with a sale price of $2,150,000. The price per unit is calculated at $195,454, and the price per square foot is $281.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $2,150,000
  • Units: 11
  • Square Footage: 7,632
  • Price Per Unit: $195,454
  • Price Per Square Foot: $281
  • Buyer: John Rahb
  • Seller: Joe Benard
  • Broker: Nathan Shaolian - Kidder Mathews
  • Note: Part of a 3-Property Portfolio
  • Seller’s 1031 Exchange Down-Leg

The key individuals involved in the deal include buyer John Rahb and seller Joe Benard. Nathan Shaolian from Kidder Mathews represented the seller in this transaction. For more details, interested parties can contact Nathan Shaolian directly.

Players

Nathan Shaolian
Kidder Mathews
Nathan Shaolian
15 deals$35.4M volume(818) 642-4123
BROKER

Details

SOLD
IMAGE: Nathan Shaolian DATE: 12/18/2024 ADDRESS: 14825 Magnolia Boulevard MARKET: Sherman Oaks ASSET TYPE: Multifamily BUYER: John Rahb SELLER: Joe Benard BROKER: Nathan Shaolian (@NathanShaolian) - Kidder Mathews (@Kidder.Mathews) SALE PRICE: $2,150,000 UNITS: 11 ~ PPU: $195,454 SF: 7,632 ~ PPSF: $281 NOTE FROM BROKER: Part of a 3-Property Portfolio Seller’s 1031 Exchange Down-Leg Contact Nathan Shaolian for more details.

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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