14740 Erwin LLC Acquires Multifamily Property In Van Nuys For $5.59M
14740 Erwin Street, Van Nuys, CA, USA
$5,590,000
$333/SF
Building Size
16,747 SF
Asset Type
MultiFamily
Closing
Nov 26, 2019
AI
The multifamily property located at 14740 Erwin St in Van Nuys has been sold for $5,590,000. The property consists of 18 townhomes, each measuring approximately 900 square feet. It is a non-rent controlled property built in 2007.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $5,590,000
- Address: 14740 Erwin St, Van Nuys
- Market: Van Nuys
- Total Square Footage: 16,747
- Price per Square Foot: $333.79
- Number of Units: 18
- Price per Unit: $310,555
- Buyer: 14740 Erwin LLC
- Seller: Joe Samuel
- Brokers: Warren Berzack, Slavic Zlatkin - Lee & Associates
The property was sold on November 27, 2019. Warren Berzack and Slavic Zlatkin from Lee & Associates represented the buyer and seller in this transaction.
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
2.84%
Cash-on-Cash
-0.81%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93