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
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