Jacob Barzivand Acquires Multifamily Property In Sherman Oaks For $2.4M

The multifamily property located at 14926 Dickens Street in Sherman Oaks was recently sold for $2,400,000. The property consists of 8 units with a price per unit of $300,000. Spanning 6,521 square feet, the property was sold at a price per square foot of $368. The Gross Rent Multiplier (GRM) for this transaction was 11.97, and the Capitalization Rate (CAP) stood at 5.08%.

Summary of transation details:

• Property Type: Multifamily
• Transaction Amount: $2,400,000
• Units: 8
• Square Footage: 6,521
• Price Per Unit: $300,000
• Price Per Square Foot: $368
• Market: Sherman Oaks

The sale was facilitated by Michael Monempour of Lyon Stahl Investment Real Estate and David Saghian of Kidder Mathews. The buyer, Jacob Barzivand, acquired the property from the seller, Alex Neho.