David Slomovic Acquires Multifamily Asset From John W Myer In Canoga Park For $6.52M
SOLD
$6,515,000
California
See Similar DealsMultiFamily30,091 SF
Sold 06/30/2017
SOLD
David Slomovic Acquires Multifamily Asset From John W Myer In Canoga Park For $6.52M
21909 Lankark St
See Similar DealsMultiFamily30,091 SF
Sold 06/30/2017
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$216
Total Square Footage:30,091 SF
Transaction Type:Sale
The property asset involved in the transaction is a MultiFamily unit located at 21909 Lankark St in Canoga Park. The transaction was completed at a price of $6,515,000.00, and the total square footage of the asset is 30,091.0 square feet.
Summary of transation details:
- Property Type: MultiFamily
- Transaction Amount: $6,515,000.00
- Address: 21909 Lankark St
- Market: Canoga Park
- Square Footage: 30,091.0
- Buyer: David Slomovic
- Seller: JOHN W MYER
- Brokers: Chase Simonton - Re/Max, Russell Grether - Compass, Filip Niculete - Marcus & Millichap
The key individuals involved in the deal include the buyer David Slomovic and the seller JOHN W MYER. The transaction was facilitated by three brokers: Chase Simonton from Re/Max, Russell Grether from Compass, and Filip Niculete from Marcus & Millichap, each representing their respective clients in the transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$347,466.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$23,146.41
Cash-on-Cash Return-1.27%
Monthly Debt Service$30,884.42
Annual Debt Service$370,613.09
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