Filip Niculete & Glen Scher Acquire Multifamily Property In Sherman Oaks For $4.5M
SOLD
$4,500,000
California
See Similar DealsMultiFamily12,002 SF
Sold 02/04/2020
SOLD
Filip Niculete & Glen Scher Acquire Multifamily Property In Sherman Oaks For $4.5M
4535 Murietta Avenue, Sherman Oaks, CA 91423, USA
See Similar DealsMultiFamily12,002 SF
Sold 02/04/2020
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$374
Total Square Footage:12,002 SF
Transaction Type:Sale
A multifamily property located at 4535 Murietta Ave in Sherman Oaks has been sold for $4,500,000. The property spans over 12,002 square feet with a price per square foot of $374.94. It consists of 13 units, resulting in a price per unit of $346,153.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $4,500,000
- Square Footage: 12,002
- Price per Square Foot: $374.94
- Number of Units: 13
- Price per Unit: $346,153
The sale was facilitated by brokers Filip Niculete and Glen Scher from LAApartmentAdvisors.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$240,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$15,987.55
Cash-on-Cash Return-1.27%
Monthly Debt Service$21,332.30
Annual Debt Service$255,987.55
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