Emanuel Real Estate Group Acquires Multifamily Property In Canoga Park, CA For $55.2M
SOLD
$55,240,000
California
See Similar DealsMultiFamily99,069 SF
Sold 10/17/2022
SOLD
Emanuel Real Estate Group Acquires Multifamily Property In Canoga Park, CA For $55.2M
21121 Vanowen Street
See Similar DealsMultiFamily99,069 SF
Sold 10/17/2022
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$557
Total Square Footage:99,069 SF
Transaction Type:Sale
A multifamily property located at 21121 Vanowen St in Canoga Park, CA has been sold in a recent transaction. The property consists of 101 units with a total square footage of 99,069. The sale price for this transaction was $55,240,000, resulting in a per unit price of $546,931 and a price per square foot of $558.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $55,240,000
- Address: 21121 Vanowen St, Canoga Park, CA
- Units: 101
- Price per Unit: $546,931
- Total Square Footage: 99,069
- Price per Square Foot: $558
- Market: Canoga Park, CA
In this transaction, Hooman Emanuel from Emanuel Real Estate Group - Keller Williams Studio City represented the seller.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$2,946,133.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$196,256.07
Cash-on-Cash Return-1.27%
Monthly Debt Service$261,865.78
Annual Debt Service$3,142,389.39
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