5233 Tilden Ave | Sherman Oaks, CA 91401

SALE PRICE: $2,100,000

PRICE/UNIT: $150K          PRICE/SF: $167                  GRM: 6.74                 CAP RATE: 8.59%             

TRANSACTION HIGHLIGHTS

• PROPERTY sold off market - seller was self-represented. Buyer represented by Michael Monempour + Jason Matatiaho

• REAP-Status discount. The property has been in the rent escrow account program (REAP) for over a year, which significantly reduced its marketability and pricing.

• FOUR UNITS delivered vacant at the close of escrow

• PRIME Sherman Oaks location adjacent to Encino + Valley Village

• DEEP DISCOUNT reflecting heavy deferred maintenance property sold with substantial deferred maintenance, pricing well below market comparables. Strategic investor recognized the opportunity for repositioning

• EXCEPTIONAL value-add potential: approximately 52% upside in market rents

• STANDOUT metrics of closing - 6.74 GRM and 8.59% CAP.

• EXCELLENT unit mix consisting of (2) 1 bedroom/1 bathroom, and (14) 2 bedroom / 2 bathroom units