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14924 Dickens Street, Sherm...

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

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

14924 Dickens Street, Sherman Oaks, CA 91403, USA

$3,200,000

$359/SF

Building Size

8,907 SF

Asset Type

MultiFamily

Closing

Aug 28, 2019

AI

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

Broker

$26.9M

vol

4 deals

Broker

Los Angeles MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

4.96%

Cash-on-Cash

-1.42%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93