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14224 Erwin St, Van Nuys, C...

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

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

Johnny Caal

Seller

$7.7M

vol

4 deals

Seller

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