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
Van Nuys 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
4.88%
Cash-on-Cash
-1.39%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93