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Matt Altman Acquired a Sing...

Matt Altman Acquires Sherman Oaks SFR From Woodbridge Liquidation Trust For $7.1M
SOLDSingle Family Residence

Matt Altman Acquires Sherman Oaks SFR From Woodbridge Liquidation Trust For $7.1M

$7,100,000

$642/SF

Building Size

11,058 SF

Asset Type

Single Family Residence

Closing

Aug 17, 2020

AI

A single-family residence (SFR) located in Sherman Oaks has recently been sold. The property, with a square footage of 11,058, was sold on 08/18/2020 for a price of $7,100,000. This translates to a price per square foot (PPSF) of $642. The sale was completed between the buyer, Matt Altman, and the seller, Woodbridge Liquidation Trust.

Summary of transaction details:

  • Property Type: SFR
  • Transaction Amount: $7,100,000
  • Square Footage: 11,058
  • Price per Square Foot: $642
  • Buyer: Matt Altman
  • Seller: Woodbridge Liquidation Trust
  • Date: 08/18/2020
  • Market: Sherman Oaks

Matt Altman represented himself as the buyer in this property transaction, while Woodbridge Liquidation Trust acted as the seller's representative.

Players

Matthew Altman

Douglas Elliman

Broker

$512.6M

vol

34 deals

Broker
Hilton & Hyland
Hilton & HylandBrokerage
The Agency
The AgencyBrokerage
Compass
CompassBrokerage

Market Single Family Residence Market Snapshot

Boundary boundary · Single Family Residence · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.23%

Cash-on-Cash

-0.64%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93