Shin B. Lim Purchases Multifamily Asset In Van Nuys For $2.2 Million With Keller Williams Realty
14306 Vanowen Street & 14310 Vanowen Street
$2,200,000
$264/SF
Building Size
8,304 SF
Asset Type
MultiFamily
Closing
May 2, 2025
AI
The property asset involved in this transaction is a multifamily building located at 14306 & 14310 Vanowen Street, in the Van Nuys market. The sale price was $2,200,000 for a total of 12 units, yielding a price per unit of $183,333. The total square footage of the asset is 8,205, resulting in a price per square foot of $268.13.
Summary of transation details:
- Property Type: Multifamily
- Transaction Amount: $2,200,000
- Buyer: Shin B. Lim
- Seller: Matthew Radmanesh
- Buyer's Representative: Akash Saini, Samuel Manoochehri & Brisa Jeronimo - Keller Williams Realty
- Seller's Representative: Casey Picard - Aggregate Investment Partners
- Units: 12
- Square Feet: 8,205
- Price Per Unit: $183,333
- Price Per Square Foot: $268.13
- Date of Transaction: 5/2/2025
The deal involved key individuals including the buyer Shin B. Lim and the seller Matthew Radmanesh, with Akash Saini, Samuel Manoochehri, and Brisa Jeronimo representing the buyer, while Casey Picard represented the seller in this multifamily transaction.
Players
Van Nuys 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
7.21%
Cash-on-Cash
-2.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93