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
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.
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
5.04%
Cash-on-Cash
-1.44%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93