Greenbridge Investment Partners Acquires San Fernando Valley Package Deal For $14.8M
15042 Dickens Street, Sherman Oaks, California 91403, United States
$14,800,000
$381/SF
Building Size
38,820 SF
Asset Type
MultiFamily
Closing
Dec 14, 2021
AI
Greenbridge Investment Partners, represented by Joshua Farahi, Sean Hashem, and Fareed Kanani, has acquired a package deal in the San Fernando Valley market. The properties involved in this transaction are located at 15042-15046 Dickens St., 21133 Saticoy Street, and 13001 Vanowen St. The package deal consists of 56 units, with a per unit price of $264,285. The total sale price for this transaction was $14,800,000.
Summary of transaction details
- Property Type: Package Deal
- Transaction Amount: $14,800,000
- Units: 56
- Price Per Unit: $264,285
The buyer, Greenbridge Investment Partners, was represented by Dana Brody from Marcus Millichap and Richard Kas from Coldwell Banker. The acquisition of this package deal showcases the strategic investment approach of Greenbridge Investment Partners in the San Fernando Valley market.
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
1.07%
Cash-on-Cash
-0.31%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93