Tony Sameyah & Reza Ghobadi Of Colliers International Broker $3.15M Van Nuys Multifamily Sale On 14833 Erwin St
SOLD
$3,150,000
California
See Similar DealsMultiFamily6,990 SF
Sold 06/30/2023
SOLD
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
See Similar DealsMultiFamily6,990 SF
Sold 06/30/2023
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$450
Total Square Footage:6,990 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$168,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$11,191.28
Cash-on-Cash Return-1.27%
Monthly Debt Service$14,932.61
Annual Debt Service$179,191.28
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