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
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