Updated Jun 3, 2026
Beatrice Mandel Sells Multifamily Asset At 901 South Sherbourne Drive For $6,610,000
901 South Sherbourne Drive
$6,610,000
$272/SF
Building Size
24,234 SF
Asset Type
MultiFamily
Closing
May 21, 2026
About this deal
AI
The property asset involved in the transaction is a multifamily unit located at 901 South Sherbourne Drive, Los Angeles. The sale price for the asset was $6,610,000, consisting of 17 units. The total square footage of the property is 24,234, resulting in a price per unit of $388,823 and a price per square foot of $272.
Summary of transation details:
- Property Type: Multifamily
- Transaction Amount: $6,610,000
- Units: 17
- Square Footage: 24,234
- Price Per Unit: $388,823
- Price Per Square Foot: $272
- Seller: Beatrice Mandel
- Broker: Joe Penich & Hirsch Sherman- KW Commercial
- Date of Sale: 05/21/2026
- Market: Los Angeles
Representing the transaction, Joe Penich and Hirsch Sherman are the brokers from KW Commercial who facilitated the sale on behalf of the seller, Beatrice Mandel, ensuring the successful closure of the deal.
On the Map
$6,610,000
$272/SF
MultiFamily
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.40%
Cash-on-Cash
-0.69%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93