Updated Dec 21, 2023
Glen Scher, Herschel Weintraub & Jason Tuvia Acquire Van Nuys Multifamily For $1.05M
14154 Sylvan St, Van Nuys, CA, USA
$1,050,000
$310/SF
Building Size
3,387 SF
Asset Type
MultiFamily
Closing
May 15, 2019
About this deal
AI
A multifamily property located at 14154 Sylvan St in Van Nuys has been sold for $1,050,000. The property encompasses 3,387 square feet and consists of four units. With a price per square foot of $310, the per unit price amounts to $268,750. The cap rate for this transaction is 4.84%, while the gross rent multiplier stands at 13.85.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,050,000
- Address: 14154 Sylvan St
- Market: Van Nuys
- Square Footage: 3,387
- Number of Units: 4
- Price per Square Foot: $310
- Per Unit Price: $268,750
- Cap Rate: 4.84%
- Gross Rent Multiplier: 13.85
Filip Niculete, Glen Scher, Herschel Weintraub, and Jason Tuvia were involved in the sale of the property.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
15.11%
Cash-on-Cash
-4.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93