Shariar Rad Purchases Multifamily Property From Bob Tamkin For $1.3 Million In Van Nuys
14217 Vanowen St
$1,300,000
$271/SF
Building Size
4,790 SF
Asset Type
MultiFamily
Closing
Oct 20, 2023
AI
The property asset involved in this transaction is a MultiFamily located at 14217 Vanowen St, situated in the Van Nuys market. The transaction was completed at a price of $1,300,000.00 for a total square footage of 4,790.0.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $1,300,000.00
- Address: 14217 Vanowen St
- Market: Van Nuys
- Square Footage: 4790.0
- Buyer: Shariar Rad
- Seller: Bob Tamkin
- Brokers: Chase Simonton (Re/Max), John Sarna (Re/Max)
This transaction involved key individuals including buyer Shariar Rad and seller Bob Tamkin, with representation from brokers Chase Simonton and John Sarna of Re/Max. They played essential roles in facilitating the deal, ensuring a smooth transaction process for both parties involved.
Players
Van Nuys MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
12.20%
Cash-on-Cash
-3.49%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93