Updated Dec 19, 2023
Linda Lui & Heendong Xu Acquire Multifamily Property In Van Nuys, CA For $3.65M
14140 Delano Street, Van Nuys, California 91401, United States
$3,650,000
$255/SF
Building Size
14,262 SF
Asset Type
MultiFamily
Closing
Jul 7, 2022
About this deal
AI
The multifamily property located at 14140 Delano St in Van Nuys, CA has been sold. The transaction took place on July 8, 2022. The property spans a total area of 14,262 square feet. The sale price for the property was $3,650,000, resulting in a price per square foot of $255.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $3,650,000
- Address: 14140 Delano St, Van Nuys, CA
- Market: Van Nuys, CA
- Buyer: Linda Lui & Heendong Xu
- Seller: Dora Petrus
Linda Lui and Heendong Xu purchased the property from Dora Petrus. They were represented by their broker Linda Lui & Heendong Xu's REP from an undisclosed agency.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.35%
Cash-on-Cash
-1.24%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93