Ibrahim Safar Acquires 5-Unit MultiFamily In Van Nuys For $3.1M
SOLD
$3,100,000
California
See Similar DealsMultiFamily7,062 SF
Sold 07/10/2023
SOLD
Ibrahim Safar Acquires 5-Unit MultiFamily In Van Nuys For $3.1M
14759 Friar St Van Nuys, CA 91411, USA
See Similar DealsMultiFamily7,062 SF
Sold 07/10/2023
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$439
Total Square Footage:7,062 SF
Transaction Type:Sale
A multi-family property located at 14759 Friar Street in Van Nuys has been sold for a total price of $3,100,000. The property consists of 5 units, with a price per unit of $620,000. It spans across 7,062 square feet, resulting in a price per square foot of $439.
Summary of transaction details
- Property Type: MultiFamily
- Transaction Amount: $3,100,000
- Address: 14759 Friar Street, Van Nuys
- Market: Van Nuys
- Units: 5
- Price per Unit: $620,000
- Square Footage: 7,062
- Price per Square Foot: $439
The buyer of the property is Ibrahim Safar, while the seller is Mahmoud Mortazavi. The transaction was facilitated by brokers Tony Sameyah and Reza Ghobadi from Colliers International.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$165,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$11,013.66
Cash-on-Cash Return-1.27%
Monthly Debt Service$14,695.58
Annual Debt Service$176,346.98
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