Salim Chandani Acquires Multifamily In Van Nuys For $4.4M
SOLD
$4,400,000
California
See Similar DealsMultiFamily10,357 SF
Sold
SOLD
Salim Chandani Acquires Multifamily In Van Nuys For $4.4M
14711 Saticoy Street, Van Nuys, CA 91405
See Similar DealsMultiFamily10,357 SF
Sold
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$424
Total Square Footage:10,357 SF
Transaction Type:Sale
A multifamily property located at 14711 Saticoy St. in Van Nuys has been sold for a price of $4,400,000. The property consists of 9 units with a price per unit of $488,888. It spans a total area of 10,357 square feet, resulting in a price per square foot of $424.
Summary of transaction details
- Property Type: Multifamily
- Sale Price: $4,400,000
- Address: 14711 Saticoy St.
- Market: Van Nuys
- Units: 9
- Price per Unit: $488,888
- Square Footage: 10,357
- Price per Square Foot: $424
The buyer of the property is Salim Chandani. The sale was facilitated by Jason Tuvia and Carter Kruse of Marcus & Millichap, who served as the brokers in the transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$234,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$15,632.26
Cash-on-Cash Return-1.27%
Monthly Debt Service$20,858.24
Annual Debt Service$250,298.94
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