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14618 Sylvan Street, Van Nu...

Kamran Rafie Acquires Van Nuys Multifamily For $4M With Brokers Casey Picard & Robert Narchi - Aggregate Investment Partners & Marcus & Millichap
SOLDMultiFamily

Kamran Rafie Acquires Van Nuys Multifamily For $4M With Brokers Casey Picard & Robert Narchi - Aggregate Investment Partners & Marcus & Millichap

14618 Sylvan Street, Van Nuys, CA 91411, USA

$4,000,000

$379/SF

Building Size

10,550 SF

Asset Type

MultiFamily

Closing

Aug 15, 2019

AI

The multifamily property located at 14618 Sylvan Street in Van Nuys has been sold for $4,000,000. The property spans a total of 10,550 square feet and has a price per square foot of $379.15. It consists of 10 units, with a price per unit of $400,000.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $4,000,000
  • Address: 14618 Sylvan Street
  • Market: Van Nuys
  • Square Footage: 10,550
  • Price per Square Foot: $379.15
  • Number of Units: 10
  • Price per Unit: $400,000

The buyer of the property is Kamran Rafie, while the seller is Fred Schulcz. The deal was facilitated by Casey Picard from Aggregate Investment Partners and Robert Narchi from Marcus & Millichap.

Players

Casey Picard

Aggregate Investment Partners

Broker

$21.2M

vol

7 deals

Broker

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

3.97%

Cash-on-Cash

-1.13%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93