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
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