Marcus & Millichap And KW Commercial Acquire Multifamily Property In Granada Hills For $12.05M
16950 Blackhawk Street, Granada Hills, CA, USA
$12,050,000
$269/SF
Building Size
44,721 SF
Asset Type
MultiFamily
Closing
Sep 16, 2019
AI
A multifamily property located at 16950 Blackhawk Street in Granada Hills has been sold for $12,050,000. The property, consisting of 57 units, spans a total area of 44,721 square feet, resulting in a price per square foot of $269.45. The purchase price per unit stands at $211,404, with a capitalization rate of 4.53% and a gross rent multiplier of 12.52.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $12,050,000
- Address: 16950 Blackhawk Street
- Market: Granada Hills
- Square Footage: 44,721
- Price per Square Foot: $269.45
- Units: 57
- Price per Unit: $211,404
- Capitalization Rate: 4.53%
- Gross Rent Multiplier: 12.52
The sale was facilitated by Rick Raymundo of Marcus & Millichap and Hooman Emanuel of KW Commercial, representing the buyer and seller respectively.
Players
Los Angeles MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.32%
Cash-on-Cash
-0.38%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93