Landmark Acquires Multifamily Property In Sherman Oaks, CA For $11.2M
4949 Tyrone Avenue
$11,200,000
$330/SF
Building Size
33,925 SF
Asset Type
MultiFamily
Closing
Nov 15, 2022
AI
The multifamily property located at 4949 Tyrone Ave in Sherman Oaks, CA has been sold in a recent transaction. The property consists of 32 units, with a price per unit of $350,000, resulting in a total sale price of $11,200,000. The total square footage of the property is 33,925, with a price per square foot of $330.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $11,200,000
- Address: 4949 Tyrone Ave, Sherman Oaks, CA
- Market: Sherman Oaks, CA
- Buyer: Landmark
- Seller: Goldrich Kest
- Brokers: Dean Zander, Chris Tresp & Stew Weston - CBRE
- Units: 32
- Price per Unit: $350,000
- Square Footage: 33,925
- Price per Square Foot: $330
In this transaction, Landmark has acquired the property from Goldrich Kest. The deal was facilitated by the brokers Dean Zander, Chris Tresp, and Stew Weston of CBRE.
Players
Los Angeles MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.42%
Cash-on-Cash
-0.40%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93