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21921 Lanark Street, West H...

Updated Dec 18, 2023

David Slomovic Acquires 36-Unit Multifamily In Canoga Park For $9.7M
SOLDMultiFamily

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

Reza Ghobadi

Colliers

Broker

$277.6M

vol

37 deals

Broker

Sylvia Gil

Seller

$11.7M

vol

2 deals

Seller

Canoga Park MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $299 per square foot on a published $9.7M for 32,360 square feet (2022).

Visit Tony Sameyah to view all their deals.

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

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