Updated Dec 19, 2023
Filip Niculete & Glen Scher Acquire Multifamily Property In Sherman Oaks For $4.5M
4535 Murietta Avenue, Sherman Oaks, CA 91423, USA
$4,500,000
$374/SF
Building Size
12,002 SF
Asset Type
MultiFamily
Closing
Feb 3, 2020
About this deal
AI
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.
Players
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Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.53%
Cash-on-Cash
-1.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93