Updated Aug 28, 2026
Deepak Richard Mehta And Rohit Mehta Buy Multifamily Asset From Jim Conen For $6.98M
4742 Sepulveda Boulevard
$6,980,000
$263/SF
Building Size
26,450 SF
Asset Type
MultiFamily
Closing
Aug 17, 2026
About this deal
AI
The property asset located at 4742 Sepulveda Boulevard in Sherman Oaks is a multifamily asset consisting of 21 units. The total square footage of the property is 26,450, and it has a price per unit of $332,380, resulting in a sale price of $6,980,000. The price per square foot stands at $263.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $6,980,000
- Units: 21
- Square Footage: 26,450
- Price Per Unit: $332,380
- Price Per Square Foot: $263
- Buyer: Deepak Richard Mehta & Rohit Mehta
- Seller: Jim Conen
- Broker: Sam Liberow - Marcus & Millichap
The transaction involved buyers Deepak Richard Mehta and Rohit Mehta acquiring the property from seller Jim Conen, with Sam Liberow representing the transaction for Marcus & Millichap.
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
2.27%
Cash-on-Cash
-0.65%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93