Updated Dec 21, 2023
Marcus & Millichap Sells Sherman Oaks Multifamily For $9.1M With Buyer's Rep Rick E. Raymundo & Greg Marderian
15323 Weddington Street, Sherman Oaks, CA 91411, USA
$9,100,000
$336/SF
Building Size
27,027 SF
Asset Type
MultiFamily
Closing
Feb 13, 2020
About this deal
AI
A multifamily property located at 15323 Weddington Street in Sherman Oaks has been sold for a price of $9,100,000. The property spans a total square footage of 27,027, with each square foot valued at $336.70. This multifamily asset consists of 20 units, with each unit priced at $455,000. The capitalization rate for this transaction stands at 4.48%, while the gross rent multiplier is 14.77.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $9,100,000
- Address: 15323 Weddington Street
- Market: Sherman Oaks
The sale of this property was facilitated by two brokers. Rick E. Raymundo from Marcus & Millichap and Greg Marderian from AOA Commercial Brokerage represented the parties involved in this transaction.
Players
Sherman Oaks 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
1.74%
Cash-on-Cash
-0.50%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93