Updated Dec 21, 2023
Rick Raymundo Facilitates $8.15M Sale Of Westlake Village Multifamily Property At 3200-3240 Foothill Drive
3200 Foothill Drive, Westlake Village, CA, USA
$8,150,000
$455/SF
Building Size
17,878 SF
Asset Type
MultiFamily
Closing
Apr 14, 2020
About this deal
AI
The multifamily property located at 3200-3240 Foothill Drive in Westlake Village has been sold for a price of $8,150,000. The transaction was completed on April 15, 2020. The asset spans a total of 17,878 square feet, resulting in a price per square foot of $455.87. The property consists of 16 units, with each unit being sold at a price of $509,375. The capitalization rate for this investment stands at 4.34%, while the gross rent multiplier is 15.49.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $8,150,000
- Square Footage: 17,878
- Price per Square Foot: $455.87
- Number of Units: 16
- Price per Unit: $509,375
- Capitalization Rate: 4.34%
- Gross Rent Multiplier: 15.49
Rick Raymundo from LACMultifamily served as the broker in this transaction.
Thousand Oaks 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
1.95%
Cash-on-Cash
-0.56%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93