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21021 Vanowen Street, Canog...

Domino Realty Acquires Multifamily Property In Canoga Park For $30M
SOLDMultiFamily

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

Blake Rogers

JLL

Broker

$2B

vol

22 deals

Broker
Walker & Dunlop
Walker & DunlopBrokerage

Neil Shekhter

NMS Properties

Seller

$158.5M

vol

3 deals

Seller

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