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
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
Northridge 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
5.72%
Cash-on-Cash
-1.63%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93