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6628 Sylmar Avenue, Van Nuy...

David & Yrma Armienta Acquire Multifamily Property In Van Nuys For $2.65M
SOLDMultiFamily

David & Yrma Armienta Acquire Multifamily Property In Van Nuys For $2.65M

6628 Sylmar Avenue, Van Nuys, CA 91405

$2,650,000

$0/SF

Building Size

9,294,444 SF

Asset Type

MultiFamily

Closing

Nov 18, 2021

AI

The multifamily property located at 6628 Sylmar Ave. in Van Nuys has been sold for $2,650,000. The transaction took place on November 18, 2021. The property consists of 9 units with a total square footage of 10,744. The price per unit is approximately $294,444, and the price per square foot is $246.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $2,650,000
  • Units: 9
  • Price per Unit (PPU): $294,444
  • Square Footage (SF): 10,744
  • Price per Square Foot (PPSF): $246

David & Yrma Armienta purchased the property from Robert, Raymond & Henrik Zakari. The brokers involved in the deal were David Leibowitz, Chris Thompson, and Luis Morales.

Players

Chris Thompson

Broker

$27.1M

vol

6 deals

Broker

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

5.99%

Cash-on-Cash

-1.71%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93