Rick Kaufman Acquires 32-unit Multifamily Property In San Fernando Valley For $6M
SOLD
California
See Similar DealsMultiFamily22,810 SF
Sold 02/14/2020
SOLD
Rick Kaufman Acquires 32-unit Multifamily Property In San Fernando Valley For $6M
14060 Van Nuys Boulevard, Arleta, CA, USA
See Similar DealsMultiFamily22,810 SF
Sold 02/14/2020
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.
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Deal Type
30 years
10 years
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
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