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Johnny Caal Sells Multifamily Property At 14224 Erwin Street In Van Nuys For $2.4M

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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 In Van Nuys For $2.4M

14224 Erwin Street, Van Nuys, California 91401, United States

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 involved in this transaction is a multifamily asset located at 14224 Erwin Street, Van Nuys, CA. The sale price was recorded at $2,400,000. This asset comprises 10 units, providing a price per unit of $240,000. The total square footage is 6,127, which results in a price per square foot of $392.

Summary of transation details:

  • Property Type: Multifamily
  • Transaction Amount: $2,400,000
  • Units: 10
  • Price per Unit: $240,000
  • Square Footage: 6,127
  • Price per Square Foot: $392
  • Seller: Johnny Caal
  • Seller's Representative: Akash Saini - Keller Williams Realty

This transaction involved the selling party, Johnny Caal, who was represented by broker Akash Saini from Keller Williams Realty. The broker played a key role in facilitating the transaction, ensuring the deal progressed efficiently.

Players

Akash Saini
25 deals$77.3M volume(818) 642-0242
BROKER

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 (@KellerWilliamsRealty) 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