Updated Dec 21, 2023
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
About this deal
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.
The multifamily sale at 13983 Astoria Street, Sylmar, CA 91342, USA in Los Angeles, California sold for $6.4M in 2020. Reported inventory is 20,731 square feet across 29 units, or about 308 per square foot. Mark Ventre, Darin Beebower, Kidder Mathews appear on the sale alongside Kidder Mathews. This page is the Los Angeles, California file for the 13983 Astoria Street, Sylmar, CA 91342, USA multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Los Angeles sit in the Market section below. Filter that Los Angeles multifamily set by closing date to see what else sold near 13983 Astoria Street, Sylmar, CA 91342, USA around 2020. Published consideration for 13983 Astoria Street, Sylmar, CA 91342, USA is $6.4M, dated 2020. Cite this Stepp Commercial Brokers Sell Multifamily Property In Sylmar For $6.4M sale when underwriting similar multifamily product around Los Angeles, California.
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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