Updated Dec 18, 2023
David Slomovic Acquires 36-Unit Multifamily In Canoga Park For $9.7M
21921 Lanark Street, West Hills, California 91335, United States
$9,700,000
$299/SF
Building Size
32,360 SF
Asset Type
MultiFamily
Closing
Apr 7, 2022
About this deal
AI
A multifamily property located at 21921 Lanark St. in Canoga Park has been sold for a total of $9,700,000. The property consists of 36 units, with an average price per unit of $269,444. The total square footage of the property is 32,360, with an average price per square foot of $299. The transaction took place on April 8, 2022, and the buyer is David Slomovic while Sylvia Gil is the seller.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $9,700,000
- Units: 36
- Price per Unit: $269,444
- Square Footage: 32,360
- Price per Square Foot: $299
- Buyer: David Slomovic
- Seller: Sylvia Gil
- Brokers: Tony Sameyah & Reza Ghobadi - Colliers
The transaction was facilitated by brokers Tony Sameyah and Reza Ghobadi from Colliers. They played a critical role in representing the buyer and seller throughout the deal. Their expertise and negotiation skills contributed to the successful completion of the transaction.
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
1.64%
Cash-on-Cash
-0.47%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93