James Capital Advisors Acquires Multifamily Property In Van Nuys For $13.35M
SOLD
$13,350,000
+ 1
California
See Similar DealsMultiFamily10,000 SF
Sold 01/08/2021
SOLD
James Capital Advisors Acquires Multifamily Property In Van Nuys For $13.35M
13961 Oxnard Street, Van Nuys, CA, USA
See Similar DealsMultiFamily10,000 SF
Sold 01/08/2021
+ 1
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$1,335
Total Square Footage:10,000 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$712,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$47,429.72
Cash-on-Cash Return-1.27%
Monthly Debt Service$63,285.81
Annual Debt Service$759,429.73
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