20631 Ventura Partnership, LP Acquires 14,550 SF Van Nuys Property For $5.5M
SOLD
$5,500,000
California
See Similar DealsMultiFamily14,550 SF
Sold 07/16/2019
SOLD
20631 Ventura Partnership, LP Acquires 14,550 SF Van Nuys Property For $5.5M
13626 Vanowen St, Van Nuys, CA, USA
See Similar DealsMultiFamily14,550 SF
Sold 07/16/2019
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$378
Total Square Footage:14,550 SF
Transaction Type:Sale
The property located at 13626 Vanowen St in Van Nuys has been sold in a recent transaction. The sale occurred on July 16, 2019, and the property was purchased by 20631 Ventura Partnership, LP from 4M Redmaple, LLC. The transaction was facilitated by brokers Elizabeth Clark and Chris Chasin from Compass, as well as Steven Schechter, Marty Agnew, and Ryan Sterling from Marcus & Millichap.
Summary of transaction details
- Property Type: Not indicated
- Transaction Amount: $5,500,000
- Square Footage: 14,550
- Price per Square Foot: $378.01
The buyer in this transaction is 20631 Ventura Partnership, LP, and the seller is 4M Redmaple, LLC. The deal was coordinated by brokers Elizabeth Clark and Chris Chasin from Compass, along with Steven Schechter, Marty Agnew, and Ryan Sterling from Marcus & Millichap. The property spans a total of 14,550 square feet and sold for a price of $5,500,000, resulting in a price per square foot of $378.01.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$293,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$19,540.35
Cash-on-Cash Return-1.27%
Monthly Debt Service$26,072.81
Annual Debt Service$312,873.67
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