Updated Sep 9, 2024
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
About this deal
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.
On the Map
$4,000,000
$379/SF
MultiFamily
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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
3.97%
Cash-on-Cash
-1.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93