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

Property Image
SOLD
$6,000,000
Elliot Hassan
Bar Dahan
+ 1

California

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MultiFamily22,810 SF
Sold 02/14/2020
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Property Image
SOLD

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

14060 Van Nuys Boulevard, Arleta, CA, USA

See Similar Deals
MultiFamily22,810 SF
Sold 02/14/2020
Elliot Hassan
Bar Dahan
+ 1
Contact now

Summary

CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$263
Total Square Footage:22,810 SF
Transaction Type:Sale

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
1 deal$6M volume(424) 325-2600
BROKER

Danny Spiwak
James Capital Advisors
5 deals$18.9M volume
BROKER

Michael (Mike) Hanassab
James Capital Advisors
16 deals$93.8M volume
BROKER

Elliot Hassan
NorthMarq
26 deals$259.8M volume
BROKER

Details

SOLD
IMAGE: Bar Dahan, Mike Hanassab, Elliot Hassan & Danny Spiwak DATE: 02/14/2020 ADDRESS: 14060 Van Nuys Blvd MARKET: San Fernando Valley ASSET TYPE: Multifamily PRICE: $6,000,000 SF: 22,810 PPSF: $263.04 UNITS: 32 PPU: $187,500 BUYER: Rick Kaufman SELLER: Carmi Cohen BROKERS: Mike Hanassab, Elliot Hassan, Bar Dahan, Danny Spiwak

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$319,999.99

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$21,316.74
Cash-on-Cash Return-1.27%
Monthly Debt Service$28,443.06
Annual Debt Service$341,316.73