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14224 Erwin Street, Van Nuy...

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

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

Akash Saini
Verified Badge

Akash Saini

Keller Williams Realty

Broker

$83.6M

vol

26 deals

Broker

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