Updated Sep 9, 2024
Emanuel Real Estate Group Acquires Multifamily Property In Canoga Park, CA For $55.2M
21121 Vanowen Street
$55,240,000
$557/SF
Building Size
99,069 SF
Asset Type
MultiFamily
Closing
Oct 17, 2022
About this deal
AI
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.
On the Map
$55,240,000
$557/SF
MultiFamily
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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
0.29%
Cash-on-Cash
-0.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93