Updated Oct 29, 2024
REVX Keller Inc. Acquires Multifamily Property In West Toluca Lake For $8.3M
11230 Camarillo Street, West Toluca Lake, CA, USA
$8,265,000
$424/SF
Building Size
19,473 SF
Asset Type
MultiFamily
Closing
Jan 20, 2021
About this deal
AI
A multifamily property located at 11230 Camarillo Street in West Toluca Lake has been sold for $8,265,000. The transaction took place on January 21, 2021, and the property consists of 24 units with a total square footage of 19,473. The price per unit was $344,375, and the price per square foot was $424. The property has a cap rate of 2.94% and a gross rent multiple of 19.73x. The buyer of the property was REVX Keller Inc., while the seller was Via Toluca Lake LLC. Toshiro Ohinata from WS Realtors Inc. represented the buyer, and Rick Raymundo from Marcus & Millichap represented the seller.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $8,265,000
- Units: 24
- Price per Unit: $344,375
- Square Footage: 19,473
- Price per Square Foot: $424
- Cap Rate: 2.94%
- Gross Rent Multiple: 19.73x
- Market: West Toluca Lake
Rick Raymundo, associated with LACMultifamily of Marcus & Millichap, represented the seller in this transaction, and Toshiro Ohinata from WS Realtors Inc. represented the buyer.
Players
North Hollywood MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.92%
Cash-on-Cash
-0.55%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93