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

Property Image
SOLD
$3,260,000
Jared Levine
Hirsch Sherman

California

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MultiFamily19,758 SF
Sold
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Property Image
SOLD

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

6904 Lennox Avenue, Van Nuys, CA 91405, USA

See Similar Deals
MultiFamily19,758 SF
Sold
Jared Levine
Hirsch Sherman
the dealplayerscompscontact
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Summary

CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$165
Total Square Footage:19758 SF
Transaction Type:Sale

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
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 DATE: 08/09/2019 ADDRESS: 6904 Lennox Ave MARKET: Van Nuys ASSET TYPE: Multifamily PRICE: $3,260,000 SF: 19,758 PPSF: $199.92 UNITS: 20 PPU: $197,500 BROKERS: Jared Levine, Hirsch Sherman @jmlrealestategroup

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Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$173,866.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$11,582.09
Cash-on-Cash Return-1.27%
Monthly Debt Service$15,454.06
Annual Debt Service$185,448.76