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14217 Vanowen St

Shariar Rad Purchases Multifamily Property From Bob Tamkin For $1.3 Million In Van Nuys
SOLDMultiFamily

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

Chase Simonton

Re/Max

Broker

$142.5M

vol

45 deals

Broker

Shariar. Rad

Buyer
Buyer

Bob Tamkin

Seller

$32M

vol

2 deals

Seller

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