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17610 Sherman Way

Joseph Eshagian Acquires Multifamily Property In Van Nuys From Sandra Ginsburg For $1.65M
SOLDMultiFamily

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

Daniel Withers

Matthews

Broker

$198.2M

vol

32 deals

Broker
Matthews
Matthews Brokerage

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