Lotfollah Shokrian Acquires Multifamily Property In Van Nuys For $2.05M
14843 Gilmore Street, Van Nuys, California 91411, United States
$2,045,000
$314/SF
Building Size
6,500 SF
Asset Type
MultiFamily
Closing
Aug 23, 2022
AI
Located at 14843 Gilmore St in Van Nuys, this multifamily property recently sold for a price of $2,045,000. The property consists of 8 units, with a price per unit (PPU) of $255,625. Spanning across 6,500 square feet, the property boasts a price per square foot (PPSF) of $315.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,045,000
- Address: 14843 Gilmore St, Van Nuys
- Market: Van Nuys
- Buyer: Lotfollah Shokrian
- Seller: Lauri Shahar
- Broker: Andy C. Kawatra - Marcus & Millichap
The buyer, Lotfollah Shokrian, acquired this multifamily property from seller Lauri Shahar. Representing the transaction as the broker is Andy C. Kawatra from Marcus & Millichap.
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
7.76%
Cash-on-Cash
-2.22%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93