Domino Realty Acquires Multifamily Property In Canoga Park For $30M
SOLD
$30,000,000
California
See Similar DealsMultiFamily
Sold 01/10/2022
SOLD
Domino Realty Acquires Multifamily Property In Canoga Park For $30M
21021 Vanowen Street, Canoga Park, CA 91303
See Similar DealsMultiFamily
Sold 01/10/2022
Summary
CALIFORNIA
Asset Type:MultiFamily
Transaction Type:Sale
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
BROKERAGE
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,600,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$106,583.66
Cash-on-Cash Return-1.27%
Monthly Debt Service$142,215.31
Annual Debt Service$1,706,583.66
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