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Johnny Caal Sells Multifamily Property At 14224 Erwin Street Van Nuys For $2.4M With Akash Saini As Seller's Rep

Property Image
SOLD
$2,400,000

California

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MultiFamily6,127 SF
Sold 09/12/2022
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Property Image
SOLD

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

See Similar Deals
MultiFamily6,127 SF
Sold 09/12/2022
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Summary

CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$391
Total Square Footage:6,127 SF
Transaction Type:Sale

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

4 deals$7.7M volume
SELLER

Details

SOLD
IMAGE: Akash Saini DATE: 09/12/2022 ADDRESS: 14224 Erwin Street MARKET: Van Nuys, CA ASSET TYPE: Multifamily SELLER: Johnny Caal SELLER'S REP: Akash Saini (@AkashdSaini) - Keller Williams Realty SALE PRICE: $2,400,000 UNITS: 10 ~ PPU: $240,000 SF: 6,127 ~ PPSF: $392

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$127,999.99

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$8,526.70
Cash-on-Cash Return-1.27%
Monthly Debt Service$11,377.22
Annual Debt Service$136,526.69