Conrad Seymour Acquires Multifamily Property From Isabella Giordani For $4.15M In Sherman Oaks
SOLD
$4,125,000
California
See Similar DealsMultiFamily15,166 SF
Sold 04/29/2025
SOLD
Conrad Seymour Acquires Multifamily Property From Isabella Giordani For $4.15M In Sherman Oaks
15461 Moorpark Street
See Similar DealsMultiFamily15,166 SF
Sold 04/29/2025
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$272
Total Square Footage:15,166 SF
Transaction Type:Sale
The property asset involved in this transaction is a multifamily building located at 15461 Moorpark Street in Sherman Oaks. The sale price for this asset was $4,150,000, comprising a total of 20 units. The total square footage of the property is 15,166, leading to a price per unit of $207,500 and a price per square foot of $274.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $4,150,000
- Units: 20
- Square Footage: 15,166
- Price per Unit: $207,500
- Price per Square Foot: $274
- Buyer: Conrad Seymour
- Seller: Isabella Giordani
- Brokers: Michael Monempour & Jason Matatiaho - Lyon Stahl Investment Real Estate
The transaction was facilitated by brokers Michael Monempour and Jason Matatiaho, who represent Lyon Stahl Investment Real Estate. They played a crucial role in bringing together the buyer, Conrad Seymour, and the seller, Isabella Giordani, in this successful property deal.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$220,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$14,655.25
Cash-on-Cash Return-1.27%
Monthly Debt Service$19,554.60
Annual Debt Service$234,655.25
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