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18543 Clark Street, Tarzana...

Tarzana Multifamily Property Sold For $7.07M With Brokers Mike Hanassab, Elliot Hassan, And John Katnik
SOLDMultiFamily

Tarzana Multifamily Property Sold For $7.07M With Brokers Mike Hanassab, Elliot Hassan, And John Katnik

18543 Clark Street, Tarzana, CA, USA

$7,070,000

$236/SF

Building Size

29,884 SF

Asset Type

MultiFamily

Closing

Apr 19, 2021

AI

The multifamily property located at 18543 Clark Street in Tarzana has been sold in a recent transaction. The sale was facilitated by brokers @MikeHanassab, Elliot Hassan, and @JohnKatnik from @JamesCapitalAdvisors. The transaction took place on April 20, 2021.

Summary of transaction details:

  • Property Type: Multifamily
  • Sale Price: $7,070,000
  • Number of Units: 28
  • Price per Unit: $252,500
  • Square Footage: 29,884
  • Price per Square Foot: $236
  • Market: Tarzana

The property consists of 28 units with a total square footage of 29,884. The sale price for the multifamily property was $7,070,000, translating to a price per unit of $252,500. The price per square foot was $236. The property is situated in the market of Tarzana.

The transaction was facilitated by brokers @MikeHanassab, Elliot Hassan, and @JohnKatnik from @JamesCapitalAdvisors. The involvement of these brokers ensured a successful completion of the deal.

Players

John Katnik

BRC Advisors

Broker

$121.6M

vol

22 deals

Broker

Los Angeles 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

2.24%

Cash-on-Cash

-0.64%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93