Updated Sep 9, 2024
JML Real Estate Group Acquires 10-Unit Multifamily Building In Van Nuys For $1.8M
5926 Woodman Avenue, Van Nuys, CA, USA
$1,800,000
$279/SF
Building Size
6,442 SF
Asset Type
MultiFamily
Closing
Jan 23, 2018
About this deal
AI
A 10-unit apartment building located at 5926 Woodman Ave in Van Nuys has been sold for $1,800,000. The property, a multifamily asset, spans 6,442 square feet and was sold on January 24, 2018. The sale price equates to a price per square foot of $279.
Summary of Transaction Details
- Property Type: Multifamily
- Transaction Amount: $1,800,000
- Square Footage: 6,442
- Price per Square Foot: $279
- Date: 01/24/2018
- Address: 5926 Woodman Ave, Van Nuys
The sale of this 10-unit apartment building was facilitated by Jared Levine and Hirsch Sherman, both representing JML Real Estate Group.
Players
Van Nuys 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
8.81%
Cash-on-Cash
-2.52%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93