Rohit Mehta Acquires Sherman Oaks Multifamily For $5.8M With Buyer's Rep Morgan McMullin & Dario Svidler
4634 Fulton Ave, Sherman Oaks, CA, USA
$5,800,000
$327/SF
Building Size
17,720 SF
Asset Type
MultiFamily
Closing
Nov 10, 2020
AI
Located in the market of Sherman Oaks, this multifamily property at 4634 & 4648 Fulton Ave. was recently sold in a closed transaction. The sale took place on 11/11/2020 and was facilitated by brokers Morgan McMullin and Dario Svidler. The property consists of 18 units with a total area of 17,720 square feet. The purchase price for this property was $5,800,000, resulting in a price per unit of $322,222 and a price per square foot of $327. The buyer, Rohit Mehta, acquired the property from seller Stephanie Andrews.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $5,800,000
- Address: 4634 & 4648 Fulton Ave.
- Market: Sherman Oaks
- Brokers: Morgan McMullin & Dario Svidler
- Units: 18
- Price per Unit: $322,222
- Total Square Footage: 17,720
- Price per Square Foot: $327
- Buyer: Rohit Mehta
- Seller: Stephanie Andrews
This transaction showcases the successful collaboration between buyer Rohit Mehta and seller Stephanie Andrews. With a focus on and commitment to client representation, brokers Morgan McMullin and Dario Svidler played a crucial role in facilitating this deal, ensuring a smooth transaction for all parties involved.
Players
Sherman Oaks 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
2.73%
Cash-on-Cash
-0.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93