Updated Dec 4, 2024
Trammell Crow Residential And MG Properties Group Sell Enclave At Warner Center Multifamily Property In Woodland Hills For $106.65M
6710 Variel Avenue
$106,650,000
Units
241
Asset Type
MultiFamily
Closing
Oct 31, 2023
About this deal
AI
Trammell Crow Residential and MG Properties Group have sold Enclave at Warner Center, a 241-unit apartment property located at 6710 Variel Avenue in Woodland Hills, Calif., for $106.65 million. The sale price reflects a per unit price of $442,531.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $106,650,000
- Units: 241
The seller of the Enclave at Warner Center was Trammell Crow Residential represented by Michael Levy, along with MG Properties Group represented by Jeff Gleiberman. The buyer has not yet been identified.
Players
Canoga Park 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
0.15%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93