SOLDMultiFamily
Mike Shaghiya Acquires Multifamily Property In Sherman Oaks For $2,300,000 With Brokers Akash Saini & Samuel P. Manoochehri
14550 Burbank Boulevard
$2,300,000
$347/SF
Building Size
6,626 SF
Asset Type
MultiFamily
Closing
Jun 12, 2026
AI
The property asset involved in this transaction is a multifamily building located at 14550 Burbank Boulevard in Sherman Oaks. The sale price was $2,300,000, encompassing a total of 6 units with a price per unit of $383,333. The building has a total square footage of 6,626, resulting in a price per square foot of $347.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,300,000
- Address: 14550 Burbank Boulevard
- Market: Sherman Oaks
- Units: 6
- Price Per Unit: $383,333
- Square Footage: 6,626
- Price Per Square Foot: $347
- Buyer: Mike Shaghiya
- Seller: Soon Kang
- Buyer's Representative: Akash Saini & Samuel P. Manoochehri - Keller Williams Realty
- Seller's Representative: Jayden Mo
This transaction highlights the involvement of key individuals, including buyer Mike Shaghiya and seller Soon Kang, along with their respective representatives. The buyer was represented by Akash Saini and Samuel P. Manoochehri from Keller Williams Realty, while the seller was represented by Jayden Mo.
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
6.90%
Cash-on-Cash
-1.97%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93