Domino Realty Acquires Multifamily Property In Canoga Park For $30M
21021 Vanowen Street, Canoga Park, CA 91303
$30,000,000
Building Size
—
Asset Type
MultiFamily
Closing
Jan 10, 2022
AI
The multifamily property located at 21021 Vanowen Street in Canoga Park has been sold for a price of $30,000,000. The property consists of 80 units, resulting in a per unit price of $375,000. The transaction took place on January 10, 2022.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $30,000,000
- Date: 01/10/2022
- Address: 21021 Vanowen Street
- Market: Canoga Park
The buyer of the property is Domino Realty, represented by Steven Gordon. The seller is NMS Properties, represented by Neil Shekhter. The transaction was facilitated by Blake Rogers of Walker & Dunlop.
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
0.53%
Cash-on-Cash
-0.15%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93