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14230 Victory Boulevard

SOLDMultiFamily

Daniel Dunkelman Acquires Multifamily Property In Van Nuys For $5.5M

14230 Victory Boulevard

$5,507,800

$348/SF

Building Size

15,784 SF

Asset Type

MultiFamily

Closing

Mar 27, 2023

AI

A multifamily property located at 14230 Victory Boulevard in Van Nuys has been sold in a transaction that closed on March 27, 2023. The property consists of 16 units with a total square footage of 15,784. The sale price for the property was $5,507,800, resulting in a price per unit of $344,238 and a price per square foot of $349.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $5,507,800
  • Units: 16
  • Price per Unit: $344,238
  • Square Footage: 15,784
  • Price per Square Foot: $349
  • Address: 14230 Victory Boulevard
  • Market: Van Nuys

The buyer in this transaction was Daniel Dunkelman, while Deepak Mehta served as the seller. The deal was facilitated by John Boyett from Matthews Real Estate Investment Services, acting as the broker representing both parties.

Players

John Boyett

CBRE

Broker

$190.7M

vol

32 deals

Broker

Daniel Dunkelman

Buyer

$31.2M

vol

4 deals

Buyer

Market MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.88%

Cash-on-Cash

-0.82%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93