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4634 Fulton Ave, Sherman Oa...

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

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

Morgan Mcmullin

Partners CRE

Broker

$84.3M

vol

17 deals

Broker
Compass
CompassBrokerage
Rohit Mehta

Rohit Mehta

Westside Habitats

Buyer

$105.8M

vol

5 deals

Buyer

Stephanie Andrews

Seller

$9M

vol

2 deals

Seller

Sherman Oaks MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

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