facebook
Traded Co logo
Submit

Hirsch Sherman, Jared Levine & Clyde Isaacson Acquire Non Rent Control Multifamily In Van Nuys For $7M

Property Image
SOLD
$7,000,000
Jared Levine
Hirsch Sherman
Clyde Isaacson

California

See Similar Deals
MultiFamily22,734 SF
Sold
the dealplayerscompscontact
Property Image
SOLD

Hirsch Sherman, Jared Levine & Clyde Isaacson Acquire Non Rent Control Multifamily In Van Nuys For $7M

6640 Woodley Avenue, Van Nuys, CA 91406, USA

See Similar Deals
MultiFamily22,734 SF
Sold
Jared Levine
Hirsch Sherman
Clyde Isaacson
the dealplayerscompscontact
Contact now

Summary

CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$307
Total Square Footage:22734 SF
Transaction Type:Sale

The multifamily property located at 6640 Woodley Ave in Van Nuys has been sold in a recent transaction. This non-rent control building consists of 34 units and was sold off-market.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $7,000,000
  • Square Footage: 22,734
  • Price per Square Foot: $307.91
  • Number of Units: 34
  • Price per Unit: $205,882
  • Date of Transaction: 08/21/2019
  • Market: Van Nuys

Jared Levine, Hirsch Sherman, and Clyde Isaacson represented the deal as brokers from JML Real Estate Group.

A couple of deal points worth noting are that the property was a non-rent control building and it was sold off-market.

Players

Clyde Isaacson
Tamarack Real Estate Services
Clyde Isaacson
10 deals$72.9M volume
BROKER
Jared Levine
Jared Levine
22 deals$100.5M volume(818) 657-6556
BROKER
Hirsch Sherman
Keller Williams Realty
Hirsch Sherman
23 deals$103.3M volume
BROKER

Details

SOLD
IMAGE: Hirsch Sherman, Jared Levine & Clyde Isaacson @therealclyde_isaacson DATE: 08/21/2019 ADDRESS: 6640 Woodley Ave MARKET: Van Nuys ASSET TYPE: Multifamily PRICE: $7,000,000 SF: 22,734 PPSF: $307.91 UNITS: 34 PPU: $205,882 BROKERS: @jmlrealestategroup Jared Levine, Hirsch Sherman, Clyde Isaacson @therealclyde_isaacson NOTES: A couple deal points, this was a Non Rent Control building, 34 units, sold Off Market.

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$373,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$24,869.54
Cash-on-Cash Return-1.27%
Monthly Debt Service$33,183.57
Annual Debt Service$398,202.85