James Capital Advisors Acquires Multifamily Property In Van Nuys For $13.35M

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.