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
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