Sam Bornstein Purchases Multifamily Asset From Bob Tamkin For $4.55M In Van Nuys
15405 Vanowen Street
$4,550,000
$233/SF
Building Size
19,532 SF
Asset Type
MultiFamily
Closing
Jul 8, 2025
AI
The property involved in the transaction is a multifamily asset located at 15405 Vanowen Street in the Van Nuys market. The sale consisted of 30 units with a total square footage of 19,532. The transaction was completed for a price of $4,550,000, resulting in a price per unit of $151,666 and a price per square foot of $232.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $4,550,000
- Address: 15405 Vanowen Street
- Market: Van Nuys
- Units: 30
- Square Footage: 19,532
- Price Per Unit: $151,666
- Price Per Square Foot: $232
- Buyer: Sam Bornstein
- Seller: Bob Tamkin
- Brokers: Chase Simonton & John Sarna - Re/Max
Chase Simonton and John Sarna represented the seller, Bob Tamkin, in the transaction. The involvement of Re/Max in this deal indicates their role in facilitating the sale between the buyer and the seller.
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
3.49%
Cash-on-Cash
-1.00%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93