$3,350,000 | 10 Units | Sherman Oaks | All Cash | Sold During Covid Pandemic
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The LAAA Team of Marcus & Millichap is proud to announce the succesful close of escrow for this 10-Unit apartment building in a very good part of Sherman Oaks, CA, just north of Ventura Blvd.
This sale was done off market without a full marketing campaign. We were able to source one of the biggest owners of multifamily in the San Fernando Valley. The Buyer gave the Seller a hassle free, all cash purchase, and the Buyer also paid for the Seller's 5% loan prepayment penalty and some Seller closing costs, which totaled an additional $130,000.
Here are the metrics of the sale for total price paid:
Total Cash Paid = $3,480,000 Price/Unit = $348,000 Price/SF = $335.84 CAP = 5.31% GRM = 12.81
For more information about this sale, or to receive a complimentary analysis of your multifamily property in Los Angeles county, please reach out to the #1 most active team in LA!
The LAAA Team of Marcus & Millichap is proud to announce the succesful close of escrow for this 10-Unit apartment building in a very good part of Sherman Oaks, CA, just north of Ventura Blvd.
This sale was done off market without a full marketing campaign. We were able to source one of the biggest owners of multifamily in the San Fernando Valley. The Buyer gave the Seller a hassle free, all cash purchase, and the Buyer also paid for the Seller's 5% loan prepayment penalty and some Seller closing costs, which totaled an additional $130,000.
Here are the metrics of the sale for total price paid:
Total Cash Paid = $3,480,000 Price/Unit = $348,000 Price/SF = $335.84 CAP = 5.31% GRM = 12.81
