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13426 Vanowen Street

NAI Capital Represents Greenbush Villa, LLC In $6.75M Sale Of Multifamily Property On Vanowen Street, Van Nuys
SOLDMultiFamily

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

Michael Vara

NAI Global

Broker

$13.5M

vol

2 deals

Broker

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