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:
- Property Type: Multifamily
- Transaction Amount: $2,865,000
- Units: 16
- Square Feet: 10,125
- Price Per Unit: $179,062
- Price Per Square Foot: $282
- Buyer: Clyde Isaacson
- Seller: Helen S Rubin
- Buyer's Representative: Clyde Isaacson - Tamarack Real Estate Services
- Seller's Representative: Brett Sanson - Marcus & Millichap
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
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