Stepp Commercial Brokers Sell Multifamily Property In Sylmar For $6.4M
SOLD
$6,400,000
California
See Similar DealsMultiFamily20,731 SF
Sold 06/30/2020
SOLD
Stepp Commercial Brokers Sell Multifamily Property In Sylmar For $6.4M
13983 Astoria Street, Sylmar, CA 91342, USA
See Similar DealsMultiFamily20,731 SF
Sold 06/30/2020
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$308
Total Square Footage:20,731 SF
Transaction Type:Sale
The multifamily property located at 13983 Astoria Street in Sylmar has been sold for $6,400,000. The transaction was completed on 06/30/2021.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $6,400,000
- Units: 29
- Price per Unit: $221,000
- Square Footage: 20,731
- Price per Square Foot: $309
- Capitalization Rate: 4.87%
The sale was facilitated by the brokers Mark Ventre and Darin Beebower from Stepp Commercial.
Note: No further information was available regarding the property or the individuals involved in the transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$341,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$22,737.86
Cash-on-Cash Return-1.27%
Monthly Debt Service$30,339.27
Annual Debt Service$364,071.18
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