Luis Silver Acquires Multifamily Property In Van Nuys For $3.32M
SOLD
$3,320,000
California
See Similar DealsMultiFamily10,990 SF
Sold 12/03/2021
SOLD
Luis Silver Acquires Multifamily Property In Van Nuys For $3.32M
6711 Haskell Avenue, Van Nuys, CA 91406
See Similar DealsMultiFamily10,990 SF
Sold 12/03/2021
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$302
Total Square Footage:10,990 SF
Transaction Type:Sale
An multifamily property located at 6711 Haskell Avenue in Van Nuys has been sold in a recent transaction. The property consists of 15 units with a total square footage of 10,990. The sale price for the property was $3,320,000, resulting in a per unit price of $221,333 and a per square foot price of $302.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $3,320,000
- Address: 6711 Haskell Avenue, Van Nuys
- Market: Van Nuys
Luis Silver was the buyer in this transaction, while Warren Silverberg acted as the seller. The deal was facilitated by Neema Ahadian and Sean Nami from Marcus & Millichap.
Players
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$177,066.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$11,795.25
Cash-on-Cash Return-1.27%
Monthly Debt Service$15,738.49
Annual Debt Service$188,861.93
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