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
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