Marcus & Millichap And KW Commercial Acquire Multifamily Property In Granada Hills For $12.05M
SOLD
$12,050,000
California
See Similar DealsMultiFamily44,721 SF
Sold 09/17/2019
SOLD
Marcus & Millichap And KW Commercial Acquire Multifamily Property In Granada Hills For $12.05M
16950 Blackhawk Street, Granada Hills, CA, USA
See Similar DealsMultiFamily44,721 SF
Sold 09/17/2019
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$269
Total Square Footage:44,721 SF
Transaction Type:Sale
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
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Similar Buyers
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Top Markets for Multifamily Investment ReportFall 2025
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$642,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$42,811.10
Cash-on-Cash Return-1.27%
Monthly Debt Service$57,123.15
Annual Debt Service$685,477.77
Is there something missing? Send suggestions