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15405 Vanowen Street

Sam Bornstein Purchases Multifamily Asset From Bob Tamkin For $4.55M In Van Nuys
SOLDMultiFamily

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

Chase Simonton

Re/Max

Broker

$142.5M

vol

45 deals

Broker
Re/Max
Re/MaxBrokerage

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