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Sherman Oaks Multifamily Sells Off Market For $3.2M With Hirsch Sherman, Jared Levine & Janette Monfared

Property Image
SOLD
$3,200,000
Jared Levine
Janette Monfared
Hirsch Sherman

California

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Sherman Oaks Multifamily Sells Off Market For $3.2M With Hirsch Sherman, Jared Levine & Janette Monfared

14924 Dickens Street, Sherman Oaks, CA 91403, USA

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MultiFamily8,907 SF
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Summary

CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$359
Total Square Footage:8907 SF
Transaction Type:Sale

This 11 unit apartment building in Sherman Oaks has been sold off-market for a total price of $3,200,000. Located south of the Blvd, the multifamily property offers a total of 8,907 square feet of space. The price per square foot amounts to approximately $359.27, while the property consists of 11 units, each priced at an average of $290,909.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $3,200,000
  • Address: 14924 Dickens Street, Sherman Oaks
  • Market: Sherman Oaks
  • Square Footage: 8,907
  • Price per Square Foot: $359.27
  • Number of Units: 11
  • Price per Unit: $290,909

The deal was facilitated by brokers Jared Levine, Hirsch Sherman, and Janette Monfared, representing the parties involved in the transaction.

Please note that no additional information is available regarding this off-market sale.

Players

Janette Monfared
Marcus & Millichap
Janette Monfared
4 deals$26.9M volume(310) 245-5600
BROKER
Jared Levine
Jared Levine
22 deals$100.5M volume(818) 657-6556
BROKER
Hirsch Sherman
Keller Williams Realty
Hirsch Sherman
23 deals$103.3M volume
BROKER

Details

SOLD
IMAGE: Hirsch Sherman, Jared Levine & Janette Monfared @jmlrealestategroup DATE: 08/29/2019 ADDRESS: 14924 Dickens Street MARKET: Sherman Oaks ASSET TYPE: Multifamily PRICE: $3,200,000 SF: 8,907 PPSF: $359.27 UNITS: 11 PPU: $290,909 BROKERS: Jared Levine, Hirsch Sherman, Janette Monfared NOTES: This 11 unit apartment building was sold Off Market and is located south of the Blvd in Sherman Oaks.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$170,666.66

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$11,368.93
Cash-on-Cash Return-1.27%
Monthly Debt Service$15,169.63
Annual Debt Service$182,035.59