Updated Dec 21, 2023
Jacob Kashani Acquires Mixed-Use Property In Van Nuys For $2.6M
6315 Van Nuys Boulevard, Van Nuys, CA 91401, USA
$2,600,000
$273/SF
Building Size
9,500 SF
Asset Type
Mixed-use
Closing
Sep 7, 2021
About this deal
AI
A mixed-use property located at 6315 Van Nuys Boulevard in Van Nuys has been sold for $2,600,000. The property spans 9,500 square feet, resulting in a price per square foot of $273. The transaction took place on 09/07/2021.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $2,600,000
- Address: 6315 Van Nuys Boulevard
- Market: Van Nuys
- Buyer: Jacob Kashani
- Seller: Alex Tofer
- Brokers: Ethan Donel, Alex Reyhan, and Daniel Hirth
- SF: 9,500
- PPSF: $273
Ethan Donel, Alex Reyhan, and Daniel Hirth, representing The Hirth Group, successfully secured the listing price of $2,600,000 for the property. Within the first two weeks of marketing, they were able to generate multiple offers, resulting in a swift 57-day close. Notably, The Hirth Group represented both the seller, Alex Tofer, and the buyer, Jacob Kashani, throughout the transaction.
Players
Los Angeles Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
6.10%
Cash-on-Cash
-1.74%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93