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Rohit Mehta Acquires Sherman Oaks Multifamily For $5.8M With Buyer's Rep Morgan McMullin & Dario Svidler

Property Image
SOLD
$5,800,000
Dario Svidler
Rohit Mehta
+ 1

California

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MultiFamily17,720 SF
Sold 11/11/2020
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Property Image
SOLD

Rohit Mehta Acquires Sherman Oaks Multifamily For $5.8M With Buyer's Rep Morgan McMullin & Dario Svidler

4634 Fulton Ave, Sherman Oaks, CA, USA

See Similar Deals
MultiFamily17,720 SF
Sold 11/11/2020
Dario Svidler
Rohit Mehta
+ 1
Contact now

Summary

CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$327
Total Square Footage:17,720 SF
Transaction Type:Sale

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

Morgan Mcmullin
17 deals$84.3M volume(310) 968-2454
BROKER

Dario Svidler
Partners CRE
31 deals$200M volume(818) 653-2663
BROKER

Compass
BROKERAGE

Rohit Mehta
5 deals$105.8M volume
BUYER

Details

SOLD
IMAGE: Dario Svidler (@Dario1515) DATE: 11/11/2020 ADDRESS: 4634 & 4648 Fulton Ave. MARKET: Sherman Oaks ASSET TYPE: Multifamily BUYER: Rohit Mehta SELLER: Stephanie Andrews BROKERS: Morgan McMullin & Dario Svidler PRICE: $5,800,000 UNITS: 18 ~ PPU: $322,222 SF: 17,720 ~ PPSF: $327

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Deal Type
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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$20,606.19
Cash-on-Cash Return-1.27%
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