Updated Dec 21, 2023
Michael Moadeb Acquires Multifamily Property In Sherman Oaks For $10.8M
4623 Willis Ave, Sherman Oaks, CA, USA
$10,758,000
$447/SF
Building Size
24,046 SF
Asset Type
MultiFamily
Closing
Apr 25, 2021
About this deal
AI
Located in Sherman Oaks, the multifamily property at 4623 Willis Ave. was recently sold for a total of $10,758,000. The transaction took place on April 26, 2021. This property consists of 18 units, resulting in a per-unit price of approximately $597,666. The total square footage of the property is 24,046, with a price per square foot of $447.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $10,758,000
- Date: April 26, 2021
- Address: 4623 Willis Ave.
- Market: Sherman Oaks
The buyer's representative for this transaction was Michael Moadeb from @Michael.Moadeb.
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
1.47%
Cash-on-Cash
-0.42%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93