Michael Thom Acquires Multifamily Property In Sherman Oaks For $2.7M
SOLD
$2,700,000
California
See Similar DealsMultiFamily15,640 SF
Sold 06/07/2024
SOLD
Michael Thom Acquires Multifamily Property In Sherman Oaks For $2.7M
4919 Coldwater Canyon Avenue & 4921 Coldwater Canyon Avenue
See Similar DealsMultiFamily15,640 SF
Sold 06/07/2024
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$172
Total Square Footage:15,640 SF
Transaction Type:Sale
Located at 4919-21 Coldwater Canyon in Sherman Oaks, this multifamily property was recently sold for $2,700,000. The transaction involved 13 units, totaling 7,820 square feet, with a price per unit of $207,692 and a price per square foot of $345.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,700,000
- Market: Sherman Oaks
- Buyer: Michael Thom
- Seller: Jesse Diamond
- Brokers: Michael Monempour & Jason Matatiaho - Lyon Stahl Investment Real Estate
Michael Monempour and Jason Matatiaho from Lyon Stahl Investment Real Estate represented the buyer and seller, respectively, in this successful transaction.
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Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$144,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$9,592.53
Cash-on-Cash Return-1.27%
Monthly Debt Service$12,799.38
Annual Debt Service$153,592.53
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