Keller Williams Acquires Multifamily Property In Van Nuys For $2.6M
13825 Vanowen Street, Van Nuys, CA 91405, USA
$2,635,500
$244/SF
Building Size
10,793 SF
Asset Type
MultiFamily
Closing
Jan 1, 2019
AI
A multifamily property located at 13825 Vanowen St in Van Nuys, CA has been sold for a total price of $2,635,500. The property consists of 14 units with a total square footage of 10,793. The price per square foot for this transaction was $244.19. The sale price per unit was $188,250. The property has a capitalization rate of 4.27% and a gross rent multiplier of 13.70.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,635,500
- Address: 13825 Vanowen St, Van Nuys, CA
- Market: Van Nuys
- Square Footage: 10,793
- Price per Square Foot: $244.19
- Number of Units: 14
- Price per Unit: $188,250
- CAP: 4.27%
- GRM: 13.70
The sale of this multifamily property was facilitated by brokers Rick Raymundo from Marcus & Millichap, and James Antonucci and Michael Pesci from Keller Williams.
Players
Los Angeles 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
6.02%
Cash-on-Cash
-1.72%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93