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17411 Vanowen Street

Clyde Isaacson Purchases Multifamily Property At 17411 Vanowen Street For $2.865M
SOLDMultiFamily

Clyde Isaacson Purchases Multifamily Property At 17411 Vanowen Street For $2.865M

17411 Vanowen Street

$2,865,000

$283/SF

Building Size

10,125 SF

Asset Type

MultiFamily

Closing

Aug 6, 2024

AI

The multifamily property located at 17411 Vanowen Street in the Van Nuys market was sold for $2,865,000. The asset consists of 16 units and spans a total of 10,125 square feet, resulting in a price per unit of $179,062 and a price per square foot of $282.

Summary of transaction details:

This transaction involved key representatives from both sides, with Clyde Isaacson representing himself as the buyer through Tamarack Real Estate Services, while Brett Sanson acted as the seller's representative from Marcus & Millichap.

Players

Brett Sanson

Marcus & Millichap

Broker

$76.3M

vol

12 deals

Broker

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

5.54%

Cash-on-Cash

-1.58%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93