LA Apartment Advisors Acquires Development Site In Van Nuys For $1.225M
SOLD
$1,225,000
+ 1
California
See Similar DealsDevelopment Site13,004 SF
Sold 10/30/2019
SOLD
LA Apartment Advisors Acquires Development Site In Van Nuys For $1.225M
6701 Woodley Ave, Van Nuys, CA, USA
See Similar DealsDevelopment Site13,004 SF
Sold 10/30/2019
+ 1
Summary
CALIFORNIA
Asset Type:Development Site
Price Per Square Foot:$94
Total Square Footage:13,004 SF
Transaction Type:Sale
6701 Woodley Ave, a development site located in Van Nuys, was recently sold for $1,225,000. The property offers a total buildable square footage of 13,004, resulting in a price per buildable square foot of $94.20.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $1,225,000
- Address: 6701 Woodley Ave
- Market: Van Nuys
- Buildable Square Footage: 13,004
- Price per Buildable Square Foot: $94.20
Filip Niculete, Glen Scher, Lonnie McDermott, and Daniel Hirth represented the parties involved in the sale of 6701 Woodley Ave. They facilitated the transaction and ensured a successful deal for all parties.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$65,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,352.17
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,807.12
Annual Debt Service$69,685.50
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