Brett Sanson Secures $2.2M Multifamily Deal For Client In Sherman Oaks
4345 Matilija Avenue, Sherman Oaks, CA, USA
$2,225,000
$360/SF
Building Size
6,176 SF
Asset Type
MultiFamily
Closing
Sep 11, 2019
AI
Located in Sherman Oaks, the multifamily property at 4345 Matilija Avenue has been sold in a closed transaction. The property was listed by another broker and received multiple offers, but ultimately, Brett Sanson, representing his client in a 1031 Exchange, successfully secured the deal.
Summary of transaction details
- Property Type: Multifamily
- Sale Price: $2,225,000
- Square Footage: 6,176
- Price per Square Foot: $360.27
- Date: 09/12/2019
- Address: 4345 Matilija Avenue, Sherman Oaks
Brett Sanson, along with Michal Vaakil, 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
7.13%
Cash-on-Cash
-2.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93