Updated Dec 19, 2023
Neema Ahadian & Sean Nami Acquire Multifamily Properties In Van Nuys For $29.4M
6545 Fulton Avenue, Van Nuys, California 91401, United States
$29,420,000
$435/SF
Building Size
67,598 SF
Asset Type
MultiFamily
Closing
Feb 16, 2022
About this deal
AI
Three multifamily properties located at 6545 Fulton Ave, 6711 Haskell Ave, and 16751 Victory Blvd in the Van Nuys market have been sold for a total price of $29,420,000. The sale was finalized on February 17, 2022. The properties comprise a total of 68 units, with an average price per unit of $432,647. The combined square footage of the properties is 67,598, resulting in an average price per square foot of $435.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $29,420,000
- Units: 68
- Price per Unit: $432,647
- Total Square Footage: 67,598
- Price per Square Foot: $435
The sale of these properties was facilitated by Neema Ahadian and Sean Nami of Marcus & Millichap. They represented the buyers and sellers in the transaction, showcasing their expertise in the Van Nuys market. The involvement of these brokers highlights their role in successfully executing the deal.
Players
Van Nuys MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Visit Sean Nami to view all their deals.
Browse California multifamily sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.54%
Cash-on-Cash
-0.15%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93