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Keller Williams Acquires Multifamily Property In Van Nuys For $2.6M

Property Image
SOLD
$2,635,500
Rick Raymundo
Michael Pesci
James Antonucci

California

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MultiFamily10,793 SF
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Property Image
SOLD

Keller Williams Acquires Multifamily Property In Van Nuys For $2.6M

13825 Vanowen Street, Van Nuys, CA 91405, USA

See Similar Deals
MultiFamily10,793 SF
Sold
Rick Raymundo
Michael Pesci
James Antonucci
the dealplayerscompscontact
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Summary

CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$244
Total Square Footage:10793 SF
Transaction Type:Sale

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

Michael Pesci
Keller Williams Realty
Michael Pesci
2 deals$20.4M volume(213) 820-1335
BROKER
James Antonucci
James Antonucci
2 deals$20.4M volume
BROKER
Rick Raymundo
Marcus & Millichap
Rick Raymundo
51 deals$412.3M volume
BROKER

Details

SOLD
IMAGE: Rick Raymundo, James Antonucci and Michael Pesci DATE: 01/02/2019 ADDRESS: 13825 Vanowen St MARKET: Van Nuys ASSET TYPE: Multifamily PRICE: $2,635,500 SF: 10,793 PPSF: $244.19 UNITS: 14 PPU: $188,250 CAP: 4.27% GRM: 13.70 BROKERS: Rick Raymundo - Marcus & Millichap, James Antonucci, Michael Pesci - Keller Williams

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$140,560.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$9,363.37
Cash-on-Cash Return-1.27%
Monthly Debt Service$12,493.61
Annual Debt Service$149,923.37