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Tomas Hughes Acquires Multifamily Property In Sherman Oaks For $10.3M

Property Image
SOLD
$10,275,000
Sam Liberow
Max Berger
Ben Kreitenberg

California

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MultiFamily26,450 SF
Sold 08/13/2021
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Property Image
SOLD

Tomas Hughes Acquires Multifamily Property In Sherman Oaks For $10.3M

4742 Sepulveda Boulevard, Sherman Oaks, CA, USA

See Similar Deals
MultiFamily26,450 SF
Sold 08/13/2021
Sam Liberow
Max Berger
Ben Kreitenberg
the dealplayerscompscontact
Contact now

Summary

CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$388
Total Square Footage:26,450 SF
Transaction Type:Sale

Located at 4742 Sepulveda Boulevard in Sherman Oaks, this multifamily property was recently sold in a closed transaction. The property consists of 21 units, offering a total of 26,450 square feet of space. The sale price for this asset was $10,275,000, resulting in a per unit price of approximately $540,789. The price per square foot was calculated to be $420.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $10,275,000

The buyer of this property was Tomas Hughes, while the seller was Josh Goodman. Representing the buyer was Sam Liberow, and Max Berger & Ben Kreitenberg acted as representatives for the seller. These individuals and their respective agencies played key roles in facilitating the transaction.

Players

Max Berger
Compass
Max Berger
17 deals$85.8M volume(818) 321-4972
BROKER
Sam Liberow
Marcus & Millichap
Sam Liberow
105 deals$762.3M volume
BROKER
Ben Kreitenberg
Compass
Ben Kreitenberg
2 deals$14.6M volume
BROKER

Details

SOLD
IMAGE: Sam Liberow, Max Berger & Ben Kreitenberg DATE: 08/13/2021 ADDRESS: 4742 Sepulveda Boulevard MARKET: Sherman Oaks ASSET TYPE: Multifamily BUYER: Tomas Hughes SELLER: Josh Goodman BUYER’S REP: Sam Liberow (@Sam_Liberow) - (@TheLiberowGroup) SELLER’S REP: Max Berger (@BergerMax) & Ben Kreitenberg (@BenKreit) - (@KennyStevensTeam) SALE PRICE: $10,275,000 UNITS: 21 ~ PPU: $540,789 SF: 26,450 ~ PPSF: $420

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$547,999.99

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$36,504.91
Cash-on-Cash Return-1.27%
Monthly Debt Service$48,708.74
Annual Debt Service$584,504.90