Motter Enterprises Inc. Sells Granada Hills Multifamily For $25M With Brokers Janet Neman, Angelica Gotzev, Mark Reynolds & Eric Mandell
16716 Devonshire Street, Granada Hills, CA, USA
$25,000,000
$244/SF
Building Size
102,230 SF
Asset Type
MultiFamily
Closing
Mar 8, 2020
AI
A multifamily property located at 16700-16716 Devonshire St, 16860-16900 Chatsworth St, and 16930 Blackhawk St in Granada Hills has been sold for a total of $25,000,000. The property consists of 122 units with a total area of 102,230 square feet. The price per square foot for this transaction was $244.55, and the price per unit was $204,918.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $25,000,000
- Location: 16700-16716 Devonshire St, 16860-16900 Chatsworth St, and 16930 Blackhawk St, Granada Hills
- Total Square Footage: 102,230
- Number of Units: 122
- Price Per Square Foot: $244.55
- Price Per Unit: $204,918
The seller in this off-market sale was Motter Enterprises Inc. Handling the transaction were brokers Janet Neman, Angelica Gotzev, Mark Reynolds, and Eric Mandell.
Players
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
0.63%
Cash-on-Cash
-0.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93