Lotfollah Shokrian Acquires 8-Unit Multifamily In Van Nuys For $2.05M
14843 Gilmore St
Building Size
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Asset Type
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Closing
Aug 24, 2022
AI
The multifamily property located at 14843 Gilmore St in Van Nuys has been sold in a recent transaction. The property consists of 8 units with a total square footage of 6,500. The sale price for this property was $2,045,000, resulting in a per unit price of $255,625. The price per square foot for this transaction was $315.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,045,000
- Address: 14843 Gilmore St
- Market: Van Nuys
The buyer for this transaction was Lotfollah Shokrian, while the seller was Lauri Shahar. Representing both parties in the deal was Andy C. Kawatra from Marcus & Millichap.
Players
Los Angeles CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93