Greenbridge Investment Partners Acquires Multifamily Building In Van Nuys For $5.1M
SOLD
$5,075,000
California
See Similar DealsMultiFamily22,211 SF
Sold 03/26/2021
SOLD
Greenbridge Investment Partners Acquires Multifamily Building In Van Nuys For $5.1M
6958 Woodman Avenue, Van Nuys, CA, USA
See Similar DealsMultiFamily22,211 SF
Sold 03/26/2021
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$228
Total Square Footage:22,211 SF
Transaction Type:Sale
Located at 6958 Woodman Blvd. in Van Nuys, this multifamily property was recently sold in a transaction handled by Robert Jacobson and Joshua Farahi of Green Bridge Corp. representing Greenbridge Investment Partners as the buyer and American West Mortgage Services as the seller.
Summary of Transaction Details
- Property Type: Multifamily
- Transaction Amount: $5,075,000
- Market: Van Nuys
- Units: 23
- Price Per Unit: $220,562
The buyer, Greenbridge Investment Partners, made the purchase from the seller, American West Mortgage Services, at a sale price of $5,075,000. The property consists of 23 units, with each unit having an average price of $220,562. Robert Jacobson and Joshua Farahi, representing Green Bridge Corp., facilitated the transaction as brokers.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$270,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$18,030.40
Cash-on-Cash Return-1.27%
Monthly Debt Service$24,058.09
Annual Debt Service$288,697.07
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