Updated Sep 9, 2024
James Capital Advisors Acquires Multifamily Property In Van Nuys For $13.35M
13961 Oxnard Street, Van Nuys, CA, USA
$13,350,000
$1,335/SF
Building Size
10,000 SF
Asset Type
MultiFamily
Closing
Jan 7, 2021
About this deal
AI
A multifamily property located at 13961 & 14007 Oxnard St in Van Nuys has been sold for a total price of $13,350,000. This property consists of 60 units, with an average price per unit of $222,500. The total square footage of the property is 10,000, resulting in a price per square foot of $1,335. The property was sold at a 3.75% capitalization rate.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $13,350,000
- Units: 60
- Price Per Unit: $222,500
- Square Footage: 10,000
- Price Per Square Foot: $1,335
- Capitalization Rate: 3.75%
The buyer's representatives for this transaction were Mike Hanassab, Elliot Hassan, and John Katnik from James Capital Advisors. Janette Monfared represented the seller in the deal.
On the Map
$13,350,000
$1,335/SF
MultiFamily
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.19%
Cash-on-Cash
-0.34%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93