Updated Aug 13, 2026
JRK Property Holdings Acquires Multifamily Asset In Sherman Oaks For $129 Million From Waterton
13401 Riverside Drive
$129,000,000
Units
401
Asset Type
MultiFamily
Closing
Jul 8, 2025
About this deal
AI
The transaction involved a multi-family asset located at 13401 Riverside Drive in Sherman Oaks, CA. The property consists of 401 units and was sold for a total price of $129,000,000.00.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $129,000,000.00
- Buyer: JRK Property Holdings
- Seller: Waterton
- Sale Date: 07/08/2025
The deal was facilitated with JRK Property Holdings acting as the buyer and Waterton as the seller, marking a significant transaction in the Sherman Oaks market.
The multifamily sale at 13401 Riverside Drive in Sherman Oaks, California sold for $129M in 2025. Reported inventory is 401 units across 401 units. This page is the Sherman Oaks, California file for the 13401 Riverside Drive multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Sherman Oaks sit in the Market section below. Filter that Sherman Oaks multifamily set by closing date to see what else sold near 13401 Riverside Drive around 2025. Published consideration for 13401 Riverside Drive is $129M, dated 2025. Cite this JRK Property Holdings Acquires Multifamily Asset In Sherman Oaks For $129 Million From Waterton sale when underwriting similar multifamily product around Sherman Oaks, California.
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
0.12%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93