facebook
Traded Co logo
Submit

Schneider Family Trust Sells 37-Unit Multifamily Portfolio In San Fernando Valley For $11.2M

Property Image
SOLD
$5,550,000
Filip Niculete

California

See Similar Deals
MultiFamily16,442 SF
Sold 04/29/2020
the dealplayerscompscontact
Property Image
SOLD

Schneider Family Trust Sells 37-Unit Multifamily Portfolio In San Fernando Valley For $11.2M

15022 Dickens St, Sherman Oaks, CA 91403, USA

See Similar Deals
MultiFamily16,442 SF
Sold 04/29/2020
Filip Niculete
Contact now

Summary

CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$337
Total Square Footage:16,442 SF
Transaction Type:Sale

A multifamily property located at 15042-46 Dickens Street and 21133 Saticoy Street in San Fernando Valley, Los Angeles County has been sold. The property consists of 37 units with a price per unit (PPU) of $302,702. The total square footage (SF) is 38,820 with a price per square foot (PPSF) of $288. The sale was completed by the Schneider Family Trust as the seller, with Dana Brody from The Brody Group - Marcus & Milllichap acting as the broker.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $11,200,000
  • Units: 37
  • PPU: $302,702
  • SF: 38,820
  • PPSF: $288
  • Market: San Fernando Valley, Los Angeles County

The Brody Group, represented by Dana Brody, was exclusively chosen to market and sell the two multifamily properties. The portfolio comprised of 27 units, with 16 units located South of the Boulevard at 15042-46 Dickens Street, and 21 units in Canoga Park at 21133 Saticoy Street. Multiple offers were generated for the portfolio, resulting in a sale at 100% of the asking price. Furthermore, The Brody Group is facilitating the seller's 1031 exchange into 108 units out of state. For more information on how The Brody Group can help maximize property value and explore 1031 exchange opportunities, please contact Dana Brody at 310-849-8151.

Players

Filip Niculete
196 deals$785.1M volume
BROKER

Glen Scher
Marcus & Millichap
190 deals$738.1M volume
BROKER

Details

SOLD
IMAGE: Dana Brody DATE: 12/15/2021 ADDRESS: 15042-46 Dickens & 21133 Saticoy St. MARKET: San Fernando Valley, Los Angeles County ASSET TYPE: Multifamily SELLER: Schneider Family Trust BROKER: Dana Brody (The Brody Group) (@TheBrodyGroup) - Marcus & Milllichap SALE PRICE: $11,200,000 UNITS: 37 ~ PPU: $302,702 SF: 38,820 ~ PPSF: $288 NOTE FROM BROKER: The Brody Group was chosen to exclusively market & sell two multifamily properties - 16 units South of the Boulevard at 15042 & 15046 Dickens Street & 21 units in Canoga Park at 21133 Saticoy Street for a total of 27 units. The Brody Group generated multiple offers for the portfolio & sold them at 100% of the asking price. The Brody Group is also facilitating Seller's 1031 exchange into 108 units out of state. Please contact Dana Brody at 310-849-8151 to find out how The Brody Group can help facilitate getting you top dollar for your properties & turning those proceeds into higher returns via a 1031 exchange.

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$295,999.99

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$19,717.98
Cash-on-Cash Return-1.27%
Monthly Debt Service$26,309.83
Annual Debt Service$315,717.98