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21024 Bryant St, Canoga Par...

21024 Bryant St. Multifamily Property In Canoga Park Sold For $5M
SOLDMultiFamily

21024 Bryant St. Multifamily Property In Canoga Park Sold For $5M

21024 Bryant St, Canoga Park, CA, USA

$5,000,000

$287/SF

Building Size

17,376 SF

Asset Type

MultiFamily

Closing

Jul 14, 2019

AI

The multifamily property located at 21024 Bryant St. in Canoga Park was recently sold for $5,000,000. The property spans a total of 17,376 square feet, with each square foot valued at $287.75. The sale included a total of 20 units, resulting in a price per unit of $250,000.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $5,000,000
  • Address: 21024 Bryant St.
  • Market: Canoga Park

The buyer, 21021 Bryant LP, acquired the property from Bryant Gardens, LLC. The deal was facilitated by Warren Berzack of Leela North Ventura Brokers.

21024 Bryant St. underwent recent renovations, including the installation of stainless steel appliances and vinyl plank flooring. Additionally, a soft story retrofit, mandated by the city of Los Angeles, was completed last year to ensure compliance with safety regulations.

Players

Warren Berzack

Lee & Associates

Broker

$148M

vol

12 deals

Broker

Canoga Park 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

3.17%

Cash-on-Cash

-0.91%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93