Johnny Caal Sells Multifamily Property At 14224 Erwin Street In Van Nuys For $2.4M
14224 Erwin Street, Van Nuys, California 91401, United States
$2,400,000
$391/SF
Building Size
6,127 SF
Asset Type
MultiFamily
Closing
Sep 11, 2022
AI
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
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