facebook
Traded Co logo
Submit

Lazer Engel Purchases 17 Unit Multifamily Property From Thomas Safford For $2.35M

Property Image
SOLD
$2,350,000

California

See Similar Deals
MultiFamily10,710 SF
Sold 11/10/2025
the dealplayerscompscontact
Property Image
SOLD

Lazer Engel Purchases 17 Unit Multifamily Property From Thomas Safford For $2.35M

13412 Vanowen Street

See Similar Deals
MultiFamily10,710 SF
Sold 11/10/2025
Contact now

Summary

CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$219
Total Square Footage:10,710 SF
Transaction Type:Sale

The property asset involved in this transaction is a multifamily building located at 13412 Vanowen Street in the Van Nuys market. The sale price of the property was $2,350,000, comprising 17 units. The total square footage of the asset is 10,710, resulting in a price per square foot of $219 and a price per unit of $138,235.

Summary of transation details:

  • Property Type: Multifamily
  • Transaction Amount: $2,350,000
  • Address: 13412 Vanowen Street
  • Market: Van Nuys
  • Units: 17
  • Square Footage: 10,710
  • Price per Unit: $138,235
  • Price per Square Foot: $219
  • Buyer: Lazer Engel
  • Seller: Thomas Safford
  • Brokers: John Sarna & Chase Simonton - Re/Max One Commercial

The key individuals involved in this transaction include the buyer, Lazer Engel, and the seller, Thomas Safford. The deal was facilitated by brokers John Sarna and Chase Simonton, representing the agents from Re/Max One Commercial in the transaction.

Players

Chase Simonton
45 deals$142.5M volume(310) 383-5927
BROKER

John Sarna
Re/Max
16 deals$65.4M volume
BROKER

Re/Max
BROKERAGE

Details

SOLD
IMAGE: Chase Simonton & John Sarna DATE: 11/10/2025 ADDRESS: 13412 Vanowen Street MARKET: Van Nuys ASSET TYPE: Multifamily BUYER: Lazer Engel SELLER: Thomas Safford BROKERS: John Sarna (@Johnremaxone) & Chase Simonton (@VPChaser) - Re/Max One Commercial (@remaxonecommercial ) SALE PRICE: $2,350,000 UNITS: 17 ~ PPU: $138,235 SF: 10,710 ~ PPSF: $219

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$125,333.33

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$8,349.06
Cash-on-Cash Return-1.27%
Monthly Debt Service$11,140.20
Annual Debt Service$133,682.39