Greenbridge Investment Partners Acquires Multifamily Property In Valley Village For $5.1M
6958 Woodman Avenue, Valley Glen, CA, USA
$5,075,000
$220/SF
Building Size
23,000 SF
Asset Type
MultiFamily
Closing
Mar 30, 2021
AI
Located in Valley Village, the multifamily property at 6958 Woodman Avenue has been sold in a recent transaction. The sale was facilitated by broker Robert Jacobson, representing the seller, American West Mortgage Services. The buyer of the property is Greenbridge Investment Partners, represented by Joshua Farahi, who also shared an image of the property on Instagram.
Summary of transaction details
- Property Type: Multifamily
- Sale Price: $5,075,000
- Square Footage: 23,000
- Price per Square Foot: $220
- Market: Valley Village
- Buyer: Greenbridge Investment Partners - Joshua Farahi
- Seller: American West Mortgage Services
- Broker: Robert Jacobson
This transaction took place on March 31, 2021, and the property spans a total of 23,000 square feet. With a sale price of $5,075,000, the price per square foot amounts to $220. Joshua Farahi, representing Greenbridge Investment Partners, played a crucial role in acquiring the property, while Robert Jacobson acted as the broker for American West Mortgage Services, the seller.
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
3.13%
Cash-on-Cash
-0.89%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93