Updated Dec 5, 2024
Positive Investment Acquires Sylmar Multifamily For $29.4M With Braverman CRE
12960 Dronfield Ave, Sylmar, CA, USA
$29,400,000
$166/SF
Building Size
176,704 SF
Asset Type
MultiFamily
Closing
Nov 10, 2020
About this deal
AI
The multifamily property located at 12960 Dronfield Ave in Sylmar has been sold in a recent transaction. The sale was facilitated by Shaya Braverman and Brendan Brown from Braverman CRE. The deal took place on November 11, 2020, and Positive Investment acquired the property from 21 Alpha for a price of $29,400,000.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $29,400,000
- Address: 12960 Dronfield Ave
- Market: Sylmar
This sale involved a total of 200 units, with an average price per unit of $147,000. The property spans across 176,704 square feet, resulting in a price per square foot of $166.
Players
Los Angeles MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Visit Shaya Braverman to view all their deals.
Browse Los Angeles multifamily sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.54%
Cash-on-Cash
-0.15%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93