JML Real Estate Group Acquires Multifamily Property In Sherman Oaks For $3.7M
15470 Moorpark Street, Sherman Oaks, CA, USA
$3,725,000
$343/SF
Building Size
10,843 SF
Asset Type
MultiFamily
Closing
Sep 26, 2019
AI
A multifamily property located at 15470 Moorpark Street in Sherman Oaks has been sold for $3,725,000. The property consists of 14 units with a total square footage of 10,843. This translates to a price per square foot of $343.54. The average price per unit is $266,071.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $3,725,000
- Address: 15470 Moorpark Street
- Market: Sherman Oaks
- Units: 14
- Square Footage: 10,843
- Price Per Square Foot: $343.54
- Price Per Unit: $266,071
Jared Levine and Hirsch Sherman, represented by @jmlrealestategroup, were the brokers involved in this transaction.
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
4.26%
Cash-on-Cash
-1.22%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93