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15143 Erwin Street

Joseph Braum Acquires Van Nuys Multifamily For $3.25M From Seller Lauri Shahar And Broker Andy C. Kawatra - Marcus & Millichap
SOLDMultiFamily

Joseph Braum Acquires Van Nuys Multifamily For $3.25M From Seller Lauri Shahar And Broker Andy C. Kawatra - Marcus & Millichap

15143 Erwin Street

$3,250,000

$390/SF

Building Size

8,320 SF

Asset Type

MultiFamily

Closing

Jul 12, 2022

AI

The multifamily property located at 15143 & 15149 Erwin St. in Van Nuys has been sold for a price of $3,250,000. The property consists of 12 units, with an average price per unit of $270,833. The total square footage of the property is 8,320, resulting in a price per square foot of $390.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $3,250,000
  • Address: 15143 & 15149 Erwin St., Van Nuys
  • Market: Van Nuys
  • Units: 12
  • Price Per Unit: $270,833
  • Total Square Footage: 8,320
  • Price Per Square Foot: $390

The buyer of the property is Joseph Braum, and the seller is Lauri Shahar. The transaction was facilitated by broker Andy C. Kawatra from Marcus & Millichap.

Players

Andy Kawatra

Marcus & Millichap

Broker

$83M

vol

27 deals

Broker

Joseph Braum

Buyer

$21.2M

vol

3 deals

Buyer

Lauri Shahar

Seller

$5.3M

vol

3 deals

Seller

Van Nuys MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

4.88%

Cash-on-Cash

-1.39%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93