Updated Dec 21, 2023
Salim Chandani Acquires Multifamily In Van Nuys For $4.4M
14711 Saticoy Street, Van Nuys, CA 91405
$4,400,000
$424/SF
Building Size
10,357 SF
Asset Type
MultiFamily
Closing
Nov 4, 2021
About this deal
AI
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.
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
3.61%
Cash-on-Cash
-1.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93