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6904 Lennox Avenue, Van Nuy...

Jared Levine And Hirsch Sherman Acquire Multifamily Property In Van Nuys For $3.26M
SOLDMultiFamily

Jared Levine And Hirsch Sherman Acquire Multifamily Property In Van Nuys For $3.26M

6904 Lennox Avenue, Van Nuys, CA 91405, USA

$3,260,000

$165/SF

Building Size

19,758 SF

Asset Type

MultiFamily

Closing

Aug 8, 2019

AI

The multifamily property located at 6904 Lennox Ave in Van Nuys was recently sold for a total price of $3,260,000. The transaction took place on 08/09/2019 and involved a total of 20 units within the property. The property spans a total square footage of 19,758, giving an average price per square foot of $199.92. The price per unit in this transaction was $197,500. The sale was facilitated by brokers Jared Levine and Hirsch Sherman of the JML Real Estate Group.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $3,260,000
  • Address: 6904 Lennox Ave, Van Nuys
  • Market: Van Nuys
  • Square Footage: 19,758
  • Price per Square Foot: $199.92
  • Units: 20
  • Price per Unit: $197,500

This successful transaction was made possible by the expertise of the JML Real Estate Group, with brokers Jared Levine and Hirsch Sherman playing integral roles in bringing the deal to fruition.

Players

Jared Levine

Broker

$100.5M

vol

22 deals

Broker

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

4.87%

Cash-on-Cash

-1.39%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93