Vahe Melkonyan Purchases Sherman Oaks Retail Property From Marcie Allene & Robyn Shapiro For $1.47M
SOLD
$1,470,000
California
See Similar DealsRetail2,992 SF
Sold 09/16/2025
SOLD
Vahe Melkonyan Purchases Sherman Oaks Retail Property From Marcie Allene & Robyn Shapiro For $1.47M
4716 Woodman Avenue
See Similar DealsRetail2,992 SF
Sold 09/16/2025
Summary
CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$491
Total Square Footage:2,992 SF
Transaction Type:Sale
The retail property located at 4716 Woodman Avenue in Sherman Oaks has a sale price of $1,470,000. The asset spans a total square footage of 2,992, which results in a price per square foot of $491.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $1,470,000
- Buyer: Vahe Melkonyan
- Seller: Marcie, Allene & Robyn Shapiro
- Seller's Representative: Josh Markowitz - Markowitz Commercial Real Estate
- CAP Rate: 5.16%
- Market: Sherman Oaks
- Offers Received: Multiple
- Amount Over Asking Price: $120,000
Josh Markowitz from Markowitz Commercial Real Estate represented the seller in this transaction. The seller received multiple offers prior to closing, achieving a final sale price significantly above the asking price.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$78,400.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$5,222.59
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,968.55
Annual Debt Service$83,622.60
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