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5807 Topanga Canyon Bouleva...

Pacific Urban Investors Acquires Multifamily Property In San Fernando Valley From Seller SPI Holdings
SOLDMultiFamily

Pacific Urban Investors Acquires Multifamily Property In San Fernando Valley From Seller SPI Holdings

5807 Topanga Canyon Boulevard, Woodland Hills, California 91367, United States

$134,500,000

Building Size

Asset Type

MultiFamily

Closing

Jun 15, 2022

AI

5807 Topanga Canyon Boulevard, located in San Fernando Valley, was recently sold in a multifamily transaction. The property consists of 324 units and was sold for a total price of $134,500,000. This translates to an average price per unit of $415,123.

Summary of transation details

  • Property Type: Multifamily
  • Transaction Amount: $134,500,000
  • Address: 5807 Topanga Canyon Boulevard
  • Market: San Fernando Valley

Pacific Urban Investors, represented by Alfred Pace, acquired the property from SPI Holdings, represented by Dennis Wong.

Note: No additional information was provided regarding financing or other individuals involved.

Players

Alfred Pace

Pacific Urban Investors

Buyer

$1.2B

vol

12 deals

Buyer
Dennis Wong

Dennis Wong

SPI Holdings

Seller

$570.9M

vol

8 deals

Seller

Los Angeles 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

0.12%

Cash-on-Cash

-0.03%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93