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13135 Vanowen Street

Avi Stein Acquires Multifamily Property In North Hollywood For $3.26M
SOLDMultiFamily

Avi Stein Acquires Multifamily Property In North Hollywood For $3.26M

13135 Vanowen Street

$3,264,000

$216/SF

Building Size

15,067 SF

Asset Type

MultiFamily

Closing

Mar 1, 2024

AI

The multifamily property located at 13135 Vanowen Street in North Hollywood was successfully sold for $3,264,000. This property consists of 14 units with a price per unit of $233,143 and spans across 15,067 square feet, resulting in a price per square foot of $217.

Summary of transation details:

  • Property Type: Multifamily
  • Transaction Amount: $3,264,000
  • Units: 14
  • Price Per Unit: $233,143
  • Square Footage: 15,067
  • Price Per Square Foot: $217
  • Address: 13135 Vanowen Street
  • Market: North Hollywood

The sale of this property was facilitated by Ariel Sayani, Jordan Petito, and Navid Toomarian from Partners CRE, who represented the buyer and seller in this successful transaction.

Players

Ariel Sayani

Partners CRE

Broker

$69.5M

vol

25 deals

Broker

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

4.86%

Cash-on-Cash

-1.39%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93