facebook
Traded Co logo
Submit

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

Property Image
SOLD
$5,000,000

California

See Similar Deals
MultiFamily17,376 SF
Sold 07/15/2019
the dealplayerscompscontact
Property Image
SOLD

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

21024 Bryant St, Canoga Park, CA, USA

See Similar Deals
MultiFamily17,376 SF
Sold 07/15/2019
the dealplayerscompscontact
Contact now

Summary

CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$287
Total Square Footage:17,376 SF
Transaction Type:Sale

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
Warren Berzack
12 deals$148M volume
BROKER

Details

SOLD
IMAGE: Warren Berzack @leelanorthventurabrokers DATE: 07/15/2019 ADDRESS: 21024 Bryant St. MARKET: Canoga Park ASSET TYPE: Multifamily BUYER: 21021 Bryant LP SELLER: Bryant Gardens, LLC BROKERS: Warren Berzack PRICE: $5,000,000 SF: 17,376 ~ PPSF: $287.75 UNITS: 20 PPU: $250,000 NOTES: 21024 Bryant St. was recently renovated with stainless steel appliances and vinyl plank flooring. Soft story retrofit, required by the city of Los Angeles, was completed last year.

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$266,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$17,763.94
Cash-on-Cash Return-1.27%
Monthly Debt Service$23,702.55
Annual Debt Service$284,430.61