LA Apartment Advisors Acquires Development Site In Van Nuys For $1.225M
6701 Woodley Ave, Van Nuys, CA, USA
$1,225,000
$94/SF
Building Size
13,004 SF
Asset Type
Development Site
Closing
Oct 29, 2019
AI
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.
Players
Van Nuys Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
12.95%
Cash-on-Cash
-3.70%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93