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18330 Napa Street

Updated Dec 4, 2024

Prashant Katte Buys Multifamily Building On Napa Street For $2.775M
SOLDMultiFamily

Prashant Katte Buys Multifamily Building On Napa Street For $2.775M

18330 Napa Street

$2,775,000

$221/SF

Building Size

12,518 SF

Asset Type

MultiFamily

Closing

Mar 21, 2024

About this deal

AI

The multifamily property located at 18330 Napa Street in Northridge was recently sold for $2,775,000. This property consists of 14 units with a price per unit of $198,214, spanning 12,518 square feet and costing $222 per square foot.

Summary of transation details:

  • Property Type: Multifamily
  • Transaction Amount: $2,775,000
  • Units: 14
  • Price Per Unit: $198,214
  • Square Footage: 12,518
  • Price Per Square Foot: $222
  • Address: 18330 Napa Street
  • Market: Northridge

Prashant Katte acquired the property from Prempartab Prashad. Representing Prashant Katte in the deal was Fabiola Rodriguez from Excellence Real Estate, while Akash Saini from Keller Williams served as the representative for Prempartab Prashad.

Players

Akash Saini
Verified Badge

Akash Saini

Keller Williams Realty

Broker

$86.2M

vol

27 deals

Broker

Northridge MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $221 per square foot on a published $2.8M for 12,518 square feet (2024).

Visit Akash Saini to view all their deals.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.72%

Cash-on-Cash

-1.63%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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