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
15,640 SF
Asset Type
MultiFamily
Closing
Jun 7, 2024
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.
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
5.88%
Cash-on-Cash
-1.68%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93