Updated Sep 5, 2024
Tony Sameyah & Reza Ghobadi Of Colliers International Broker $3.15M Van Nuys Multifamily Sale On 14833 Erwin St
14833 Erwin St Van Nuys, CA 91411, USA
$3,150,000
$450/SF
Building Size
6,990 SF
Asset Type
MultiFamily
Closing
Jun 30, 2023
About this deal
AI
A multi-family property located at 14833 Erwin Street in Van Nuys has been sold for a total price of $3,150,000. The property consists of 6 units, with an average price per unit of $525,000. The total square footage of the property is 6,990, with an average price per square foot of $451.
Summary of transation details
- Property Type: MultiFamily
- Transaction Amount: $3,150,000
- Units: 6
- Price Per Unit: $525,000
- Square Footage: 6,990
- Price Per Square Foot: $451
- Address: 14833 Erwin Street
- Market: Van Nuys
Tony Sameyah and Reza Ghobadi from Colliers International represented both the buyer, Ibrahim Safar, and the seller, Mahmoud Mortazavi, in this transaction.
On the Map
$3,150,000
$450/SF
MultiFamily
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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
5.04%
Cash-on-Cash
-1.44%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93