NAI Capital Represents Greenbush Villa, LLC In $6.75M Sale Of Multifamily Property On Vanowen Street, Van Nuys
13426 Vanowen Street
$6,750,000
Building Size
—
Asset Type
MultiFamily
Closing
Oct 20, 2023
AI
A 20-unit apartment building located at 13426 Vanowen Street in Valley Glen, California has been sold for $6.75 million. The property, situated in the Van Nuys market, was acquired through a transaction facilitated by NAI Capital Commercial. The buyer, represented by Kevin Kawaoka, and the seller, Greenbush Villa, LLC, represented by Michael Vara, were the key players in this deal.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $6,750,000
- Address: 13426 Vanowen Street
- Market: Van Nuys
Kevin Kawaoka, a broker at NAI Capital, worked on behalf of the buyer in the acquisition of this multi-family property. Michael Vara, also from NAI Capital, represented the seller, Greenbush Villa, LLC. The transaction demonstrates the active real estate market in Valley Glen, California.
Players
Van Nuys 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
2.35%
Cash-on-Cash
-0.67%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93