Elie Sassine Purchases Multifamily Building In Van Nuys For $4.8 Million From Ali Vahdani
SOLD
$4,800,000
California
See Similar DealsMultiFamily15,377 SF
Sold 08/01/2024
SOLD
Elie Sassine Purchases Multifamily Building In Van Nuys For $4.8 Million From Ali Vahdani
13907 Vanowen Street
See Similar DealsMultiFamily15,377 SF
Sold 08/01/2024
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$312
Total Square Footage:15,377 SF
Transaction Type:Sale
The property asset involved in the transaction is located at 13907 Vanowen Street in Van Nuys. The multifamily asset comprises 25 units, with a sale price of $4,800,000. The total square footage of the property is 15,377, which equates to a price per unit of $192,000 and a price per square foot of $312.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $4,800,000
- Address: 13907 Vanowen Street
- Market: Van Nuys
- Units: 25
- SF: 15,377
- PPU: $192,000
- PPSF: $312
- Buyer: Elie Sassine
- Seller: Ali Vahdani
- Seller's Rep: Daniel Withers - Matthews Real Estate Investment Services; Jeffrey Louks & Brett Sanson - Marcus & Millichap
The transaction was facilitated by the seller's representatives, including Daniel Withers from Matthews Real Estate Investment Services, and Jeffrey Louks along with Brett Sanson from Marcus & Millichap, representing the interests of the seller, Ali Vahdani, in the deal.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$256,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$17,053.38
Cash-on-Cash Return-1.27%
Monthly Debt Service$22,754.45
Annual Debt Service$273,053.39
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