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JML Real Estate Group Acquires Multifamily Property In Sherman Oaks For $3.7M

Property Image
SOLD
$3,725,000
Jared Levine
Hirsch Sherman

California

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MultiFamily10,843 SF
Sold
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SOLD

JML Real Estate Group Acquires Multifamily Property In Sherman Oaks For $3.7M

15470 Moorpark Street, Sherman Oaks, CA, USA

See Similar Deals
MultiFamily10,843 SF
Sold
Jared Levine
Hirsch Sherman
the dealplayerscompscontact
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Summary

CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$343
Total Square Footage:10843 SF
Transaction Type:Sale

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

Jared Levine
Jared Levine
22 deals$100.5M volume(818) 657-6556
BROKER
Hirsch Sherman
Keller Williams Realty
Hirsch Sherman
23 deals$103.3M volume
BROKER

Details

SOLD
IMAGE: Hirsch Sherman & Jared Levine @jmlrealestategroup DATE: 09/27/2019 ADDRESS: 15470 Moorpark Street MARKET: Sherman Oaks ASSET TYPE: Multifamily BROKERS: @jmlrealestategroup Jared Levine, Hirsch Sherman PRICE: $3,725,000 SF: 10,843 ~ PPSF: $343.54 UNITS: 14 PPU: $266,071

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Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$198,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$13,234.13
Cash-on-Cash Return-1.27%
Monthly Debt Service$17,658.40
Annual Debt Service$211,900.80