Updated Jan 31, 2025
Prime Residential Purchases Multifamily Property At 6203 Variel Ave Woodland Hills For $48.5M
6203 Variel Ave
$48,500,000
Building Size
—
Asset Type
MultiFamily
Closing
Jan 1, 2020
About this deal
AI
The asset involved in this transaction is a MultiFamily property located at 6203 Variel Ave in Woodland Hills. The sale price for this property was $48,500,000.00.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $48,500,000.00
- Address: 6203 Variel Ave
- Market: Woodland Hills
- Buyer: Prime Residential
- Broker: Derrek Ostrzyzek - CBRE
- Sale Date: 01/01/2020
Prime Residential was the buyer in this transaction, securing representation through broker Derrek Ostrzyzek from CBRE. The deal was completed on January 1, 2020, indicating a successful acquisition in the Woodland Hills market.
Players
Woodland Hills 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
0.33%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93