Updated Oct 29, 2024
Landmark Realty & Property Management Acquires Multifamily Property In Sherman Oaks For $10.1M
4334 Stern Avenue, Sherman Oaks, CA 91423, USA
$10,135,000
$292/SF
Building Size
34,674 SF
Asset Type
MultiFamily
Closing
Oct 30, 2018
About this deal
AI
Located in Sherman Oaks, this multifamily property at 4334 Stern Avenue was recently sold in an off-market transaction. The deal was facilitated by Tamarack Real Estate Services, which represented both the buyer, Landmark Realty & Property Management LLC, and the seller, Potkin Properties.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $10,135,000
- Address: 4334 Stern Avenue
- Market: Sherman Oaks
The property spans across 34,674 square feet, with a price per square foot of $292. This sale represents a successful 1031 exchange for the buyer, Landmark Realty & Property Management LLC.
David Kaufman of Tamarack Real Estate Services played a key role in facilitating this transaction, representing both the buyer and the seller in this off-market deal.
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
1.57%
Cash-on-Cash
-0.45%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93