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14060 Van Nuys Boulevard, A...

Rick Kaufman Acquires 32-unit Multifamily Property In San Fernando Valley For $6M
SOLDMultiFamily

Rick Kaufman Acquires 32-unit Multifamily Property In San Fernando Valley For $6M

14060 Van Nuys Boulevard, Arleta, CA, USA

$6,000,000

$263/SF

Building Size

22,810 SF

Asset Type

MultiFamily

Closing

Feb 13, 2020

AI

An multifamily property located at 14060 Van Nuys Blvd in San Fernando Valley has been sold for $6,000,000. The property spans 22,810 square feet and has a price per square foot of $263.04. It consists of 32 units, with a price per unit of $187,500.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $6,000,000
  • Address: 14060 Van Nuys Blvd
  • Market: San Fernando Valley
  • Square Footage: 22,810
  • Price Per Square Foot: $263.04
  • Number of Units: 32
  • Price Per Unit: $187,500

The buyer of the property is Rick Kaufman, while the seller is Carmi Cohen. The brokers involved in the deal include Mike Hanassab, Elliot Hassan, Bar Dahan, and Danny Spiwak.

Players

Bar Dahan

James Capital Advisors

Broker

$6M

vol

1 deal

Broker

Los Angeles MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.64%

Cash-on-Cash

-0.76%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93