Updated Dec 4, 2024
Michael Thom Acquires Multifamily Property In Sherman Oaks For $2.7M
4919 Coldwater Canyon Avenue & 4921 Coldwater Canyon Avenue
$2,700,000
$172/SF
Building Size
7,820 SF
Asset Type
MultiFamily
Closing
Jun 7, 2024
About this deal
AI
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.
On the Map
$2,700,000
$172/SF
MultiFamily
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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
5.88%
Cash-on-Cash
-1.68%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93