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14833 Erwin St Van Nuys, CA...

Tony Sameyah & Reza Ghobadi Of Colliers International Broker $3.15M Van Nuys Multifamily Sale On 14833 Erwin St
SOLDMultiFamily

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

Reza Ghobadi

Colliers

Broker

$277.6M

vol

37 deals

Broker

Ibrahim Safar

Buyer

$13.2M

vol

3 deals

Buyer

Mahmoud Mortazavi

Seller

$6.3M

vol

2 deals

Seller

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