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13950 Burbank Boulevard

Austin Nissly And Matt Carney Acquire Multifamily Asset In Sherman Oaks For $3.275M
SOLDMultiFamily

Austin Nissly And Matt Carney Acquire Multifamily Asset In Sherman Oaks For $3.275M

13950 Burbank Boulevard

$3,275,000

$340/SF

Building Size

9,632 SF

Asset Type

MultiFamily

Closing

Jun 5, 2026

AI

The property involved in the transaction is a multifamily asset located at 13950-13960 Burbank Boulevard in the Sherman Oaks market. The sale price for this asset was $3,275,000, consisting of 16 units with a price per unit of $204,687. The total square footage of the property is 9,632, resulting in a price per square foot of $340.

Summary of transation details:

  • Property Type: Multifamily
  • Transaction Amount: $3,275,000
  • Units: 16
  • Price Per Unit: $204,687
  • Square Footage: 9,632
  • Price Per Square Foot: $340
  • Buyer: Austin Nissly & Matt Carney
  • Seller: Ernie Meinhardt
  • Brokers: Peter James, William James & Jason Matatiaho - Lyon Stahl Investment Real Estate

The transaction featured Austin Nissly and Matt Carney as the buyers, while Ernie Meinhardt was the seller. The deal was facilitated by brokers Peter James, William James, and Jason Matatiaho, representing Lyon Stahl Investment Real Estate.

Players

Jason Matatiaho

Lyon Stahl Investment Real Estate

Broker

$19.9M

vol

6 deals

Broker
Matt Carney

Matt Carney

Buyer

$118.1M

vol

8 deals

Buyer

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

4.84%

Cash-on-Cash

-1.38%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93