Updated Sep 9, 2024
John Simmers & Margaret Simmers Acquire Multifamily Property On Tilden Avenue In Sherman Oaks, CA For $3.55M
5232 Tilden Avenue
$3,550,000
$566/SF
Building Size
6,262 SF
Asset Type
MultiFamily
Closing
Nov 7, 2022
About this deal
AI
The multifamily property located at 5232 Tilden Avenue in Sherman Oaks, CA was recently sold. The property consists of 4 units and spans a total area of 6,262 square feet. The sale price for this transaction was recorded at $3,550,000, resulting in a per unit price of $887,500. The price per square foot for the property was calculated at $567.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $3,550,000
- Units: 4
- Price per Unit: $887,500
- Total Square Feet: 6,262
- Price per Square Foot: $567
- Address: 5232 Tilden Avenue, Sherman Oaks, CA
- Market: Sherman Oaks, CA
The buyers in this transaction were John Simmers and Margaret Simmers, while the seller was Michael Shlomof. The deal was facilitated by brokers Elizabeth Maddox and Ian Maddox from The 2-4 Unit Specialists.
Players
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
4.47%
Cash-on-Cash
-1.28%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93