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Sherman Oaks Multifamily Buildings Sold For More Than $2.5 million.

Two Sherman Oaks multifamily buildings have changed hands for more than $2.5 million, according to the real estate brokerage involved with the deal. Shaffer Enterprise LLC paid $201 per square foot for the two, 7-unit buildings at 13508 and 13514 Burbank Blvd., Lee & Associates-LA North/Ventura Inc. said. Principal Jeff McGuire of Lee & Associates-LA North/Ventura Inc. represented both the buyer and the seller, IFT Properties LLC. The two buildings were built in 1986 and Shaffer paid all cash for the two buildings, Lee & Associates said. —-Andrew Khouri

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