Updated Sep 9, 2024
JML Real Estate Group Sells Multifamily Property In Van Nuys For $9.45M
6833 Sepulveda Boulevard, Van Nuys, CA 91405, USA
$9,450,000
$294/SF
Building Size
32,082 SF
Asset Type
MultiFamily
Closing
Mar 4, 2018
About this deal
AI
A multifamily property located at 6833 Sepulveda Blvd in Van Nuys has been sold for $9,450,000. The transaction took place on 03/05/2018. The property spans across 32,082 square feet and consists of 56 units. With a price per square foot of $294, this multifamily asset offers a great investment opportunity.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $9,450,000
- Address: 6833 Sepulveda Blvd
- Market: Van Nuys
- Square Footage: 32,082
- Price Per Square Foot: $294
- Units: 56
The deal was facilitated by Jared Levine and Hirsch Sherman from the JML Real Estate Group, who represented the parties involved in the transaction. Their expertise and negotiation skills ensured a successful sale.
Players
Van Nuys 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
1.68%
Cash-on-Cash
-0.48%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93