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6701 Woodley Ave, Van Nuys,...

LA Apartment Advisors Acquires Development Site In Van Nuys For $1.225M
SOLDDevelopment Site

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

Filip Niculete

Marcus & Millichap

Broker

$792.7M

vol

200 deals

Broker

Van Nuys Development Site Market Snapshot

Boundary boundary · Development Site · Sale transactions

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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