Updated Dec 4, 2024
Matt Harou Acquires Multifamily Property In Sherman Oaks For $4.995M
4727 Kester Avenue
$4,995,000
$368/SF
Building Size
13,560 SF
Asset Type
MultiFamily
Closing
Oct 17, 2023
About this deal
AI
The multifamily property located at 4727 Kester Avenue in Sherman Oaks has been sold. The property consists of 15 units with a total square footage of 13,560. The asking price for the property was $5,500,000, and it was ultimately sold for $4,995,000. This translates to a price per unit of $333,000 and a price per square foot of $368.
Summary of Transaction Details
- Property Type: Multifamily
- Transaction Amount: $4,995,000
- Address: 4727 Kester Avenue
- Market: Sherman Oaks
- Units: 15
- Price per Unit: $333,000
- Square Footage: 13,560
- Price per Square Foot: $368
The buyer of the property is Matt Harou, while the seller is Keith Shaffer. The deal was facilitated by two brokers, Michael Monempour from Lyon Stahl and David Saghian from Kidder Mathews.
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
3.18%
Cash-on-Cash
-0.91%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93