Jacob Brock Sells Multifamily Asset From Whitney Houston In Sherman Oaks For $3.2M

The property involved in this transaction is a multifamily asset located at 4544 Colbath Avenue in Sherman Oaks. The total sale price for the property is $3,200,000, which translates to a price per unit of $320,000. The asset comprises 10 units and spans a total of 10,300 square feet, resulting in a price per square foot of $311. The gross rent multiplier (GRM) is noted at 10.96, with a capitalization rate (CAP) of 5.79%.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $3,200,000
• Address: 4544 Colbath Avenue
• Market: Sherman Oaks
• Units: 10
• Price Per Unit: $320,000
• Square Footage: 10,300
• Price Per Square Foot: $311
• Gross Rent Multiplier (GRM): 10.96
• Capitalization Rate (CAP): 5.79%
• Buyer: Jacob Brock
• Seller: Whitney Houston
• Brokers: Michael Monempour & Jason Matatiaho - Lyon Stahl Investment Real Estate

The transaction features Jacob Brock as the buyer and Whitney Houston as the seller. The deal was represented by brokers Michael Monempour and Jason Matatiaho from Lyon Stahl Investment Real Estate, highlighting the collaborative effort behind this multifamily property transaction.