Updated Nov 22, 2023
Filip Niculete, Arash Memary, And Glen Scher Sell Multifamily Property In Canoga Park For $7.2M
21320 Parthenia Street, Canoga Park, CA, USA
$7,205,000
$292/SF
Building Size
24,600 SF
Asset Type
MultiFamily
Closing
Nov 27, 2018
About this deal
AI
21320 Parthenia St, Canoga Park, CA 91304, a multifamily property located in Canoga Park, was recently sold for $7,205,000. The property spans over 24,600 square feet with a price per square foot of $292.88. The transaction took place on 11/28/2018, and the property boasts a capitalization rate of 4.64% and a gross rent multiplier (GRM) of 13.67.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $7,205,000
- Address: 21320 Parthenia St, Canoga Park, CA 91304
- City: Canoga Park
- Market: Canoga Park
- Square Footage: 24,600
- Price per Square Foot: $292.88
- CAP Rate: 4.64%
- GRM: 13.67
The sale of this multifamily property was facilitated by brokers Filip Niculete, Arash Memary, and Glen Scher.
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
2.20%
Cash-on-Cash
-0.63%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93