Vahe Melkonyan Purchases Sherman Oaks Retail Property From Marcie Allene & Robyn Shapiro For $1.47M
4716 Woodman Avenue
$1,470,000
$491/SF
Building Size
2,992 SF
Asset Type
Retail
Closing
Sep 16, 2025
AI
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.
Players
Sherman Oaks Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
10.79%
Cash-on-Cash
-3.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93