Stepp Commercial Brokers Sell Multifamily Property In Sylmar For $6.4M
13983 Astoria Street, Sylmar, CA 91342, USA
$6,400,000
$308/SF
Building Size
20,731 SF
Asset Type
MultiFamily
Closing
Jun 30, 2020
AI
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.
Players
Los Angeles MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.48%
Cash-on-Cash
-0.71%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93