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4949 Tyrone Avenue

Landmark Acquires Multifamily Property In Sherman Oaks, CA For $11.2M
SOLDMultiFamily

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

Christoper Tresp

CBRE

Broker

$344.3M

vol

10 deals

Broker

Los Angeles 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

1.42%

Cash-on-Cash

-0.40%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93