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16021 Victory Boulevard, Va...

Vicki Kiraksosian Acquires Multifamily Property In Van Nuys, CA For $1.61M
SOLDMultiFamily

Vicki Kiraksosian Acquires Multifamily Property In Van Nuys, CA For $1.61M

16021 Victory Boulevard, Van Nuys, California 91406, United States

$1,610,000

$334/SF

Building Size

4,812 SF

Asset Type

MultiFamily

Closing

Sep 22, 2022

AI

A multifamily property located at 16021 Victory Blvd in Van Nuys, CA, has been sold for a total price of $1,610,000. The property consists of 6 units with an average price per unit of $268,333. The total square footage of the property is 4,812, resulting in a price per square foot of $335. The sale was facilitated by Will Tiao of Tiao Properties.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $1,610,000
  • Date: 09/23/2022
  • Address: 16021 Victory Blvd, Van Nuys, CA
  • Units: 6
  • Price per Unit: $268,333
  • Square Footage: 4,812
  • Price per Square Foot: $335

Vicki Kiraksosian has acquired the property from Zach Winner. Will Tiao from Tiao Properties represented both the buyer and the seller in this transaction.

Players

Will Tiao

The Collective Realty

Broker

$28.2M

vol

10 deals

Broker

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

9.85%

Cash-on-Cash

-2.82%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93