Updated Dec 20, 2023
Filip Niculete & Glen Scher Acquire Multifamily Property In Sherman Oaks For $1.995M
4528 Vista Del Monte Ave, Sherman Oaks, CA, USA
$1,995,000
$331/SF
Building Size
6,015 SF
Asset Type
MultiFamily
Closing
Mar 11, 2021
About this deal
AI
A multifamily property located at 4528 Vista Del Monte Ave in Sherman Oaks has been sold in a closed transaction. The property, consisting of 6,015 square feet, was listed with an asking price of $2,000,000. Ultimately, it was sold for $1,995,000, resulting in a price per square foot of $331. The transaction took place on March 12, 2021. The sale of this multifamily asset was facilitated by brokers Filip Niculete and Glen Scher from @LAAATeam.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,995,000
- Square Footage: 6,015
- Address: 4528 Vista Del Monte Ave
- Market: Sherman Oaks
Glen Scher and Filip Niculete from @LAAATeam represented the parties involved in this transaction. Their expertise and professionalism contributed to the successful completion of the 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
7.95%
Cash-on-Cash
-2.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93