Johnny Caal Sells Multifamily Property At 14224 Erwin Street Van Nuys For $2.4M With Akash Saini As Seller's Rep
14224 Erwin St, Van Nuys, CA 91401, USA
$2,400,000
$391/SF
Building Size
6,127 SF
Asset Type
MultiFamily
Closing
Sep 12, 2022
AI
The property asset involved in the transaction is a multifamily unit located at 14224 Erwin Street, Van Nuys, CA. It consists of 10 residential units, encompassing a total square footage of 6,127. The sale price for this asset was $2,400,000, equating to a price per unit of $240,000 and a price per square foot of $392.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,400,000
- Units: 10
- Square Footage: 6,127
- Price Per Unit: $240,000
- Price Per Square Foot: $392
- Seller: Johnny Caal
- Seller's Representative: Akash Saini - Keller Williams Realty
Key individuals involved in the transaction include the seller, Johnny Caal, who engaged Akash Saini from Keller Williams Realty to represent him in this sale. The broker facilitated the transaction, ensuring all necessary processes were handled effectively.
Players
Los Angeles 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
6.61%
Cash-on-Cash
-1.89%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93