Updated Dec 21, 2023
Marcus & Millichap Brokers $4.75M Sale Of 16-Unit Multifamily In Sherman Oaks
4331 Ventura Canyon Avenue, Sherman Oaks, CA 91423
$4,750,000
$312/SF
Building Size
15,206 SF
Asset Type
MultiFamily
Closing
Sep 30, 2021
About this deal
AI
This multifamily property in Sherman Oaks was recently sold for a total price of $4,750,000. The property, located at 4331 Ventura Canyon Ave, consists of 16 units with a total square footage of 15,206. The sale price per unit comes out to be $296,875, and the price per square foot is $312.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $4,750,000
- Address: 4331 Ventura Canyon Ave
- Market: Sherman Oaks
- Units: 16
- Square Footage: 15,206
- Sale Price per Unit: $296,875
- Price per Square Foot: $312
The buyers of this property are Steve Heimler, while Lorna Wolvin and Ron Simans served as the sellers. The transaction was facilitated by brokers Michael Sterman and Greg Shindler from Marcus & Millichap.
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
3.34%
Cash-on-Cash
-0.95%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93