Updated Sep 5, 2024
Peter Coeler Acquires 41-Unit Multifamily Property In Canoga Park For $11.3M
21018 Gresham Street
$11,300,000
$363/SF
Building Size
31,084 SF
Asset Type
MultiFamily
Closing
Jul 22, 2022
About this deal
AI
The multifamily property located at 21018 Gresham St. in Canoga Park, San Fernando Valley has been sold for a price of $11,300,000. The asset consists of 41 units with an average price per unit (PPU) of $275,609. The total square footage is 31,084, resulting in a price per square foot (PPSF) of $363.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $11,300,000
- Address: 21018 Gresham St.
- Market: Canoga Park, San Fernando Valley
- Units: 41
- PPU: $275,609
- SF: 31,084
- PPSF: $363
The buyer of the property is Peter Coeler, while Janie Mason acted as the seller. The transaction was facilitated by Reza Ghobadi and Jared Papazian from Colliers International.
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
1.40%
Cash-on-Cash
-0.40%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93