Joseph Eshagian Acquires Multifamily Property In Van Nuys From Sandra Ginsburg For $1.65M
17610 Sherman Way
$1,650,000
$329/SF
Building Size
5,007 SF
Asset Type
MultiFamily
Closing
Aug 11, 2025
AI
The property asset involved in this transaction is a multifamily building located at 17610 Sherman Way, Van Nuys. The sale price achieved for this asset was $1,650,000. The building comprises 4 units and offers a total of 5,007 square feet, which translates to a price per unit of $412,500 and a price per square foot of $329.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,650,000
- Address: 17610 Sherman Way
- Market: Van Nuys
- Units: 4
- Square Footage: 5,007
- Price Per Unit: $412,500
- Price Per Square Foot: $329
The key individuals involved in this transaction include the buyer, Joseph Eshagian, and the seller, Sandra Ginsburg. The brokers representing the transaction are Daniel Withers and Zack Traversi from Matthews Real Estate Investment Services, who facilitated this deal.
Players
Van Nuys 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
9.61%
Cash-on-Cash
-2.75%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93